The International Association of Deposit Insurers is the global standard-setting body for deposit insurance systems, founded on 6 May 2002 to share deposit insurance expertise and contribute to financial system stability by setting standards for deposit insurance and bank resolution arrangements. It is a non-profit organisation under Swiss law, domiciled at the Bank for International Settlements in Basel, Switzerland, with 96 members, 11 associates and 17 partners, and its core principles form part of the Financial Stability Board's key standards for sound financial systems and are used in International Monetary Fund and World Bank financial sector assessments.
Facts
Founding Year Founding Date Headquarters Classification
Institution Subtype In the Other Atlases
Sources
1. Wikipedia: International Association of Deposit Insurers
Wikimedia FoundationWikipedia article lead paragraph, first sentence
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.
Wikipedia article lead paragraph, second sentence
The 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.
Introduction, institution-subtype
The International Association of Deposit Insurers is the global standard-setting body for deposit insurance systems, founded on 6 May 2002 to share deposit insurance expertise and contribute to financial system stability by setting standards for deposit insurance and bank resolution arrangements.
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