The International Association of Deposit Insurers (IADI) has opened a public consultation on proposed revisions to the Core Principles for Effective Deposit Insurance Systems, updating the global benchmark last revised in 2014. The proposals are intended to reflect developments affecting the banking system, including digital innovation, the expanding role of deposit insurers in resolution, and lessons from the March 2023 banking turmoil. The draft also emphasises a holistic approach to the financial safety net and effective coordination across deposit insurance, resolution and supervision, while recognising that deposit insurance architectures differ across jurisdictions. A high-level steering group chaired by the president and CEO of the Canada Deposit Insurance Corporation developed the revisions, and the IADI Executive Council approved them for consultation following input from the International Monetary Fund, World Bank, Basel Committee on Banking Supervision and Financial Stability Board. Feedback is invited via IADI’s website, with submissions due by 14 July 2025.
International Association of Deposit Insurers 2025-05-12
International Association of Deposit Insurers launches consultation on revised Core Principles for Effective Deposit Insurance Systems
The International Association of Deposit Insurers (IADI) is consulting on proposed revisions to the Core Principles for Effective Deposit Insurance Systems, last updated in 2014. The revisions address digital innovation, the role of deposit insurers in resolution, and lessons from the March 2023 banking turmoil, emphasizing a holistic financial safety net and coordination across deposit insurance, resolution, and supervision. Developed by a high-level steering group, the proposals were approved by the IADI Executive Council with input from the IMF, World Bank, Basel Committee, and Financial Stability Board.