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Deposit Insurance Agency (Russia)

Regulatory and Standard-Setting Bodies

The Deposit Insurance Agency (DIA) is a Russian state corporation that manages Russia's deposit insurance system, established under Federal Law No. 177-FZ of December 23, 2003 and beginning operation in January 2004. It pays insurance compensation to depositors of failed banks, acts as bankruptcy administrator for insolvent banks, pension funds, and insurance companies, manages bank resolution, and administers the mandatory pension insurance guarantee system. As of July 1, 2022 it had addressed 548 insured events and reimbursed 4.4 million depositors a combined total of about 2.05 trillion rubles.

Facts
Geography
Country or Jurisdiction Served
Russia 1
Classification
Institution Subtype
Regulatory Agency 1
Founding Year
2004 2
Sources
1. Deposit Insurance Agency of Russia (Wikipedia)
2. Deposit Insurance Agency, Wikipedia
Introduction, first sentence
Quote, Introduction, first sentence
is a Russian state corporation (non-profit organization) established in January 2004
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