The financial crisis has illustrated the importance of effective deposit insurance to help maintain public confidence. This joint Basel Committee/IADI paper provides the core principles for effective deposit insurance systems. The core principles 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.
The final version of this paper has been released in June 2009.