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14.06.2024

End of the 79th IADI Executive Council Meeting

After four intense and productive days, IADI's 79th EXCO Meetings in Rome has come to an end. FITD had the honor of hosting more than 90 participants in attendance from 33 nations, discussing issues crucial to deposit guarantee schemes globally. From regional committee meetings to Council Committees sessions, to keynote speeches by leading figures such as Alessandra Perrazzelli, Sebastiano Laviola, and Michel Patra, and the 79th Executive Council meeting; each moment helped reinforce our common mission.

The final tour-de-table highlighted recent developments in the various deposit guarantee schemes, promoting a rich exchange of ideas and experiences.

FITD thanks all participants for their commitment and dedication.

10.06.2024

79th IADI Executive Council Meeting

FITD is pleased to announce that the 79th EXCO Regional and Council Committee Meetings of the International Association of Deposit Insurers (IADI) will be held in Rome from June 11-14, 2024. This event will bring together more than 90 participants in attendance from 33 nations, representing the world's leading deposit guarantee schemes. It will be intense days of exchanging ideas, discussions and collaborations to strengthen bank deposit security globally.

05.06.2024

Meeting with Pope Francis

Today the Chair and Vice-Chair of the International Associaton of Deposit Insurers - IADI (Alejandro Lopez and Alfredo Pallini - Director General of the FITD ) had the honour of meeting Pope Francis at the Vatican. These occasions are not only a testimony to the importance of deposit guarantee schemes and the FITD, but also moments of deep reflection on the ethical role of savings protection in our society.

Pope Francis has often spoken of the importance of economic justice and the protection of the most vulnerable, and the work of the FITD and other deposit guarantee schemes around the world fits perfectly into this vision. The protection of bank deposits is not just a technical or financial matter, but represents a moral commitment to the safety and confidence of savers. In an increasingly complex and interconnected world, ensuring that people's savings are protected is crucial to maintaining economic stability and social cohesion.

Within the IADI - consisting of 98 deposit guarantee schemes representing as many countries from all over the world - all members are actively engaged in international cooperation and in fulfilling the important mission entrusted to DGSs concerning the protection of bank deposits.

15.05.2024

Press Release FITD and SVI

A press release on FITD Board and SVI Board of Management held today is available in the Communications section.

11.03.2024

IADI work priorities for 2024

The FITD and, in particular, the Director General, have been actively involved in the recent initiatives of the International Association of Deposit Insurers (IADI), which in the press release published today outlines the revision of its governance structure, the work plan for 2024 and the resumption of work on the revision of the Core Principles for Effective Deposit Insurance Systems.

The changes are part of the aim to ensure that the Association, in its role as a global standard-setter, maintains an agile, effective, member-driven and inclusive structure in which deposit guarantee scheme and other safety-net participants can engage with each other and work to promote the stability of the financial system.

FITD is active in international cooperation and encourages opportunities for sharing experience and best practices; it supports the international network and promotes occasions for exchanging and debating with deposit guarantee schemes and actively participates actively participates in the definition of standards applied to DGS.

Read the press release

26.02.2024

Press Release FITD and SVI

A press release on FITD and SVI Annual General Assemblies of today is available in the Communications section.

14.12.2023

IADI report on the 2023 banking turmoil

It’s now available for download the report "The 2023 banking turmoil and deposit insurance systems. Potential implications and emerging policy issues", published by the International Association of Deposit Insurers (IADI). The Report presents a summary of the main issues resulting from the examination of the recent turmoil experienced in the banking system at the international level, from the perspective of deposit insurance systems and for the purpose of sharing experiences, rules, best practices and strategic perspectives.

Starting from the Report, useful insights can be drawn on initiatives for the development of deposit insurers’ activities, specifically referring to important topics, including: the level and scope of the guarantee, the implications arising from technological innovation on DGSs, the relevance of communication and cooperation between deposit insurers and with other safety net partners, for the definition of a holistic framework of bank crisis management.
FITD supports these in-depth initiatives to share common experiences for the benefit of the DGS community and the financial stability.
Download →

29.09.2023

25 – 29 September 2023, Boston (USA) – IADI Annual General Meeting

A FITD delegation led by Director General, Alfredo Pallini - IADI Vice President and Chair of the Europe Regional Committee (ERC) - attended the IADI event in Boston hosted by the local deposit guarantee scheme: Massachusetts Credit Union Share Insurance Corporation (MSIC).

In this context, IADI's role as a global standard-setter was also strengthened in the light of the recent U.S. and Swiss banking crises. In particular:

• Statutory amendments have been approved to expand IADI's role as a global standard-setter and recognize the important role of deposit guarantee schemes in contributing to financial stability as important member of the financial safety net.

• A report on the implications of the recent banking crises on deposit guarantee schemes will be published by the end of the year, also as a basis for the revision of the IADI Core Principles for Effective Deposit Insurance Systems scheduled for 2024.

Read more in the attached IADI press release.
Download →

18.09.2023

EFDI Working Group meeting (18 September 2023, Rome, Fondo Nazionale di Garanzia)

A delegation from FITD participated in the meetings of 3 EFDI Working Groups in which FITD actively collaborates: the Banking Union Working Group, the Cross Border Working Group, and the D3 Working Group.
The Depositor Guarantee Fund of Cooperative Credit Banks welcomed members of the 3 working groups from many European countries at its headquarters in Rome, and multiple issues related to the collaboration of deposit guarantee funds in both stable and crisis situations were discussed. In addition, the revision of the Directive on Deposit Guarantee Schemes in the context of the CMDI framework was addressed.

05.09.2023

IADI ERC and EFDI Joint Workshop, 4 – 5 September, Berlin, Association of German Banks

On 4 and 5 September, FITD representatives participated to the IADI ERC EFDI Joint Conference on “Redefining the Financial Safety Net: Tackling New Challenges and Shaping the Future of Deposit Insurance” hosted by the Association of German Banks (BdB) in Berlin. FITD, as promoter and co-organizer, contributed actively to the organization of the events together with the IADI Secretariat and BdB representatives. Alfredo Pallini (FITD Director General), as ERC Chair, gave its opening and concluding remarks emphasizing the importance of the event in the context of the recent banking turmoil and the Bank crisis management and deposit insurance framework (CMDI) legislative review. Gianluca Grasso (Head of Risk Analysis and Interventions Management, FITD) presented FITD experience in banking crisis interventions as part of Session 2 of the Workshop on “The European Crisis Management and Deposit Guarantee Framework (CMDI) Legislative Package”. The presentation stimulated an interesting discussion on different intervention practices and on the CMDI which is currently a cornerstone of the international debate. The session was moderated by Riccardo De Lisa (FITD Advisor).