Core Principles for Effective Deposit Insurance Systems

This version

BCBS  | 
18 June 2009
Status:  Superseded


This standard has been integrated into the consolidated Basel Framework.

The financial crisis has illustrated the importance of effective deposit insurance to help maintain public confidence. In response, the Basel Committee and IADI collaborated to develop the core principles for effective deposit insurance systems. These core principles set an important benchmark for countries to use in establishing or reforming deposit insurance systems and address a range of issues including:

  • deposit insurance coverage;
  • funding; 
  • prompt reimbursement;
  • public awareness; 
  • resolution of failed institutions; and 
  • cooperation with other safety net participants including central banks and supervisors.

A consultative version of this paper was released in March 2009.