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Annex
References
Basel Committee on Banking Supervision (BCBS), Core Principles for Effective Banking
Supervision, Basel, 2006. http://www.bis.org/publ/bcbs129.htm
Financial Stability Forum (FSF), Report of the Financial Stability Forum on Enhancing Market
and Institutional Resilience, Basel, April 2008.
http://www.fsforum.org/publications/r_0804.pdf
Working Group on Deposit Insurance,Guidance for Developing Effective Deposit Insurance
Systems: Final Report of the Working Group on Deposit Insurance, Basel, 2001.
http://www.iadi.org/docs/FSF_Final_Report.pdf
International Association of Deposit Insurers (IADI), General Guidance for Developing
Differential Premium Systems, Basel, 2005a.
http://www.iadi.org/docs/IADI_Diff_prem_paper_Feb2005.pdf
Key Conclusions of the APECPolicy Dialogue on Deposit Insurance and IADI Guidance
Points, Basel, 2005b.
http://www.iadi.org/docs/IADI_APEC_Guidance.pdf
Guidance on Interrelationship among Safety-Net Participants, Basel, 2006a.
http://www.iadi.org/docs/Guidance_Interrelationship.pdf
Guidance for the Resolution of Bank Failures, Basel, 2006b.
http://www.iadi.org/docs/Guidance_Bank_Resol.pdf
IADI Draft Discussion Paper onEffective Deposit Insurance Mandate, Basel, 2007a.
http://www.iadi.org/docs/IADI%20Draft%20Discussion%20Paper%20on%20Effective%20De
posit%20Insurance%20Mandate_Basel_2007a.pdf
IADI Draft Discussion Paper on Funding of Deposit Insurance Systems, Basel, 2007b.
http://www.iadi.org/docs/IADI%20Draft%20Discussion%20Paper%20on%20Funding%20of%
20Deposit%20Insurance%20Systems_Basel_2007b.pdf
IADIDraft Discussion Paper on the Governance of Deposit Insurance Systems, Basel,
2007c.
http://www.iadi.org/docs/IADI%20Draft%20Discussion%20Paper%20on%20the%20Governa
nce%20of%20Deposit%20Insurance%20Systems_Basel_2007c.pdf
IADI Draft Discussion Paper on Public Awareness of Deposit Insurance Systems, Basel,
2007d.
http://www.iadi.org/docs/IADI%20Draft%20Discussion%20Paper%20on%20Public%20Awareness%20of%20Deposit%20Insurance%20Systems_Basel_2007d.pdf
IADI Draft Discussion Paper on Deposit Insurance Coverage, Basel, 2008a.
http://www.iadi.org/docs/IADI%20Draft%20Discussion%20Paper%20on%20Deposit%20Insu
rance%20Coverag_Basel_2008a.pdf
IADI Core Principles for Effective Deposit Insurance Systems, Basel, 2008b.
http://www.iadi.org/docs/Core_Principles_final_29_Feb_08.pdf
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CorePrinciples for Effective Deposit Insurance Systems

In countries with depositor preference laws, uninsured depositors and the deposit insurer
(through subrogation) will generally have precedence over other creditors in recovering funds
from the estate of the failed bank. In countries where netting or set-off is applied to
depositors’ claims its use should be consistent with insolvency law.Finally, the management of the assets of the failed bank and the recovery process should be
guided by commercial considerations and their economic merits. This means consideration
of factors such as the quality of the assets, the depth and condition of markets, the
availability of expertise in asset management and disposition, legal requirements relating to
the disposition of assets, and publicpolicy objectives.

Core Principles for Effective Deposit Insurance Systems

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a particular resolution method difficult to implement. Because of the special significance of
banks and bank failures, policymakers may wish to review whether bankruptcy/insolvency
laws facilitate the orderly exit of troubled banks. In this regard, establishing a separate
insolvency regime for banks should beconsidered.

Reimbursing depositors and recoveries
x

Principle 17 – Reimbursing depositors: The deposit insurance system should
give depositors prompt access to their insured funds. Therefore, the deposit insurer
should be notified or informed sufficiently in advance of the conditions under which
reimbursement may be required and be provided with access to depositor
information in...