Vietnam attends meetings of Int’l Association of Deposit Insurers

15:01 | 31/10/2017 Finance - Banking

The Deposit Insurance of Vietnam (DIV) group attended the 16th annual meeting of the International Association of Deposit Insurers (IADI) and an annual conference hosted by the IADI and the Autorité des marchés financiers in Quebec, Canada, in early October.

The conference was themed “Deposit Insurance for All – Adapting the Core Principles to Different Structures, Mandates and Types of Institutions.”

Speakers from deposit insurance organisations and financial service agencies of the UK, Canada, Germany, Jamaica and the World Bank discussed the functions, tasks and structures of deposit insurance organisations, and the alignment of these bodies’ operations with international practices.

Participants underscored the importance of financial inclusion in developing a financial system serving all people and providing services at reasonable prices, thus contributing to sustainable development.

They also stressed the role of deposit insurance organisations in helping the finance-banking sector obtain financial inclusion targets.

At the IADI’s 16th meeting, the DIV and other participants approved administrative documents and were updated on the IADI’s activities. They also elected the IADI President, the Chair of the IADI Executive Council, the finance director and members of the executive council.

Theo VNA