International
cooperation

EFDI is the Association of the Deposit Guarantee Schemes (DGS) of the European Area. It is composed of 70 Members (of which 55 DGS and 15 ICS) and of 15 Associates.

EFDI was first established in 2002 by 25 founder members - including the FITD - whose intention was to create an association for the mutual exchange of information and expertise. In June 2007, EFDI adopted the legal status of an International Non-profit Association under Belgian Law (INPA - AISBL). Its registered office is in Brussels hosted by the European Banking Association. The governance of the Association reflects its private nature. The bodies of the Association are: the General Assembly; the Board of Directors; the Chairman; the Vice-Chairman; the Treasurer; the EU Committee; and staff who carry out the daily management of the Association.

EFDI has relations with major European and International organizations and academia.

EFDI acts to promote European and International co-operation in deposit insurance, crisis resolution and investor compensation. It serves as a forum for discussions and information sharing on common issues, such as (i) exchange of experiences in implanting EU Directives on DGS; (ii) cross-border cooperation in all its aspects; and (iii) monitoring developments in European Regulations on deposit protection and financial stability.

To carry out its mission, EFDI has set up its own EU Committee, as a body of the Association, whose members represent all the EU Member States. This EFDI EU Committee deals with EFDI policy concerning European Union legislation on deposit insurance, following its developments through specific working groups. Other committees and working groups are set up within the Association that deal with specific topics and to which the FITD always contributes its expertise.

FITD is a Founder Member of EFDI and is involved in all activities, study, research and working groups.

FITD Director General, Alfredo Pallini, is a member of the EFDI Board of Directors.

IADI is the worldwide association of deposit insurers.

It currently has 98 deposit insurers. IADI is a non-profit organization, established in May 2002 under Swiss Law. It is domiciled at the Bank for International Settlements in Basel, Switzerland.

Its mandate is to promote international cooperation and provide guidance on DGS establishment and development. It organizes research and analyses into related topics, as well as international conferences and other forums.

The governing bodies of the Association are the General Assembly and the Executive Council (EXCO). On the initiative of EXCO, five Council Committees have been established (Analysis Council Committee, Implementation Council Committee, Internal Control Council Committee, Planning Council Committee, Policy Council Committee), which deal with specific issues on which the Association bases its activities. Eight Regional Committees are operational for Africa, the Asia-Pacific area, the Caribbean, Eurasia, Europe, Latin America, the Middle East, North Africa and North America. The Regional Committees constitute a forum for sharing issues of common interest and exchanging information and experiences between members of the same region.

Over the years, IADI has become a standard setter for DGS. The revised IADI Core Principles for Effective Deposit Insurance Systems, released in 2009 and revised in 2014, have been recognized by the Financial Stability Board which added them in the Compendium of Standards, a set of principles for guidance of deposit insurers at a global level.

The Director General of the FITD, Alfredo Pallini, is Vice Chair of IADI and Chairperson of the Europe Regional Committee (ERC) since February 2021.