lessons learned from introducing deposit insurance systems
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Lessons Learnedfrom Introducing Deposit
Insurance Systems
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IADI & EBRD Seminar for The Western Balkans Jean Pierre SabourinPresident & Chief Executive Officer
Canada Deposit Insurance CorporationMonday, December 8, 2003
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• Some Personal Reflections
Presentation Outline
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• Who is responsible?
• Capacity to deal with failures
Banks will fail
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Explicit Deposit Insurance Systems Work Best
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Policy papers help align objectives with expectations
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Moral hazard resides in all parts of the financial safety net
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Systemic issues mean different things to different people when dealing with failures
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Interrelationship issues need constant attention
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Information sharing is essential
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• Understand transitional issues
• Assess and promote public awareness
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Developing and establishing an effective deposit insurance system:
• Takes longer than you think
• Is complex
• Always costs more than expected
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• Beware of “instant experts”
• Make sure YOU control the process
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There is always value in conducting post-mortems to identify lessons learned
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Main conclusions
Lessons Learnedfrom Introducing Deposit
Insurance Systems
www.iadi.org
IADI & EBRD Seminar for The Western Balkans Jean Pierre SabourinPresident & Chief Executive Officer
Canada Deposit Insurance CorporationMonday, December 8, 2003
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