International Association of Deposit Insurers

The International Association of Deposit Insurers (IADI) was formed on 6 May 2002 with the purpose of sharing deposit insurance expertise with the world and contributing to the stability of financial systems as the standard setter for deposit insurance with a global and expanding membership. IADI is a non-profit organisation constituted under Swiss Law and a separate legal entity domiciled at the Bank for International Settlements (BIS) in Basel, Switzerland.

The International Association of Deposit Insurers (IADI) is the global standard-setting body for deposit insurance systems. It contributes to the stability of financial systems by enhancing the effectiveness of deposit insurance and promoting international cooperation on deposit insurance and bank resolution arrangements in active partnership with other international organisations. IADI draws upon its membership to provide guidance on the establishment or enhancement of effective deposit insurance systems, as well as technical assistance outreach, educational programs and research.

Founded in 2002, IADI is a non-profit organisation constituted under Swiss law and domiciled at the Bank for International Settlements (BIS) in Basel, Switzerland. Along with the other standard setters and committees hosted and supported by the BIS, IADI is a part of the Basel Process, sharing with its host and peers the common goal of global financial stability and ensuring that jurisdictions’ financial systems operate effectively, support economic growth, and interact in an increasingly global environment.

IADI’s standards, outlined in its Core Principles for Effective Deposit Insurance Systems (Core Principles), are part of the Key Standards for Sound Financial Systems of the Financial Stability Board (FSB); and are used in the Financial Sector Assessment Program (FSAP) reviews conducted by the International Monetary Fund (IMF) and the World Bank. As a member of the FSB’s Resolution Steering Group, IADI contributes to the design of international standards and guidance for effective resolution regimes.

IADI is governed by the General Meeting of its Members and IADI Executive Council (EXCO). The General Meeting elects the officers of IADI, including the President and Treasurer. The current President, Thomas M. Hoenig, (Vice Chairman of the Federal Deposit Insurance Corporation) is serving a two-year term beginning October 2015.

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