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Lessons Learned from Introducing Deposit Insurance Systems

In this presentation, Jean-Pierre Sabourin, President and CEO of the Canada Deposit Insurance Corporation, shares valuable insights from the IADI and EBRD seminar held on December 8, 2003. The discussion revolves around the complexities and long-term commitment required to establish effective deposit insurance systems. Key topics include the inevitability of bank failures, moral hazards, the significance of information sharing, and the necessity of public awareness. The presentation emphasizes the need for control over the process and the importance of conducting post-mortems to extract lessons learned.

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Lessons Learned from Introducing Deposit Insurance Systems

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  1. www.iadi.org Lessons Learnedfrom Introducing Deposit Insurance Systems Jean Pierre SabourinPresident & Chief Executive Officer Canada Deposit Insurance Corporation IADI & EBRD Seminar for The Western Balkans Monday, December 8, 2003

  2. www.iadi.org Presentation Outline • Some Personal Reflections

  3. www.iadi.org Banks will fail • Who is responsible? • Capacity to deal with failures

  4. www.iadi.org Explicit Deposit Insurance Systems Work Best

  5. www.iadi.org Policy papers help align objectives with expectations

  6. www.iadi.org Moral hazard resides in all parts of the financial safety net

  7. www.iadi.org Systemic issues mean different things to different people when dealing with failures

  8. www.iadi.org Interrelationship issues need constant attention

  9. www.iadi.org Information sharing is essential

  10. www.iadi.org • Understand transitional issues • Assess and promote public awareness

  11. www.iadi.org • Developing and establishing an effective deposit insurance system: • Takes longer than you think • Is complex • Always costs more than expected

  12. www.iadi.org • Beware of “instant experts” • Make sure YOU control the process

  13. www.iadi.org There is always value in conducting post-mortems to identify lessons learned

  14. www.iadi.org Main conclusions

  15. www.iadi.org Lessons Learnedfrom Introducing Deposit Insurance Systems Jean Pierre SabourinPresident & Chief Executive Officer Canada Deposit Insurance Corporation IADI & EBRD Seminar for The Western Balkans Monday, December 8, 2003

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