Research on the Deposit Insurance System - 2005 International Forum on Deposit Insurance Proceedings

Author: Liu Shiyu
Publisher:
Publish Date: 2006-08-01
Features: Since the 1980s, countries have worked to establish financial safety nets to reduce the likelihood of financial crises and mitigate their social costs. Among these, the explicit deposit insurance system has been rapidly adopted. To date, approximately 90 countries and regions worldwide have established explicit deposit insurance systems. With the continuous improvement and gradual enhancement of international deposit insurance systems, their role in protecting depositors' interests and maintaining financial stability has become increasingly evident. The Chinese government places high importance on the protection of depositors' rights. To gain an in-depth understanding of advanced international deposit insurance practices and explore the feasibility of designing China's deposit insurance system, the People's Bank of China hosted the "International Forum on Deposit Insurance" in Dalian from September 15 to 16, 2005. The forum conducted in-depth discussions on seven topics: the role of financial safety nets in preventing systemic financial risks, the objectives of establishing the crucial component of the deposit insurance system within the financial safety net, the management of deposit insurance funds and the design of premium rates, the scale and utilization of deposit insurance funds, the governance of deposit insurance institutions, and the relationship between deposit insurance plans and the Basel New Capital Agreement. The focus was on exchanging experiences from countries in establishing deposit insurance systems, exploring the direction of international deposit insurance system development, and providing recommendations for designing China's deposit insurance system in line with the country's specific conditions. This book is a compilation of materials and related documents from the forum. The quality of the manuscript is high, and its content offers strong reference value for China to effectively learn from international deposit insurance experiences, enhance the scientificity of establishing a deposit insurance system, and expedite its implementation. The book is divided into two parts—Chinese and English—with approximately 350,000 words in total.