tailieunhanh - Thematic Review on Deposit Insurance Systems Peer Review Report

Savings banks in Spain have a long tradition of providing social credits to under-served financially excluded communities. Caja de Granada in particular chairs the International Association of Social Pledging Credit Establishments1 and like Caixa Galicia and Caixa Catalunya, grants micro-credits through their foundations, mainly in the regions where they operate. Caja Granada recently organized a symposium with all its microcredit holders to exchange experiences. Caixa Catalunya’s Fundación Un Sol Mon has for example a micro-credit programme, which operates mainly regionally. It supports income-generating activities for individuals and cooperatives, which have no access to. | FSB FINANCIAL STABILITY BOARD Thematic Review on Deposit Insurance Systems Peer Review Report 8 February 2012 Thematic Review on Deposit Insurance Systems Peer Review Report Table of Contents Executive I. II. Reforms undertaken in response to the financial 1. Extraordinary m easures taken during the 2. Evolution of depositor protection following the III. Key features of deposit insurance 1. Structure of depositor protection 2. Objectives m andates powers and governance CPs 1-5 .16 3. Membership and coverage CPs 8-9 .18 4. Funding CP 11 .21 5. Resolution payout reimbursement and recoveries CPs 15-18 .23 6. Links with broader safety net and cross-border issues CPs 6-7 .25 7. Public awareness CP 12 .26 IV. Conclusions and 1. 2. Annex A Cross-country comparison of deposit insurance measures taken during the financial Annex B FSB members with multiple deposit insurance Annex C Cross-country comparison of deposit insurance system Annex D Core Principles for Effective Deposit Insurance Annex E Questionnaire - Thematic review on deposit insurance Foreword The April 2008 Report of the Financial Stability Forum on Enhancing Market and Institutional Resilience1 pointed out that events during the recent financial crisis illustrate the importance of effective depositor compensation arrangements. The report stressed the need for authorities to agree on an international set of principles for effective deposit insurance systems and asked national deposit insurance arrangements to be reviewed against these principles and for authorities to strengthen arrangements where necessary. In response the Basel Committee on Banking Supervision BCBS and the International Association of Deposit Insurers IADI jointly issued in June 2009 Core Principlesfor Effective Deposit Insurance Systems Core .