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IADI Annual SurveyData as of 31 December 2013
My Details
Name of Deposit Insurance Agency (DIA): ______________________________________________
Jurisdiction: ______________________
Web site: ________________________
Address: _________________________________________________________________________
Phone: _________________________
Fax: ___________________________
Year established: _________________
Governing law and/or mechanism (include name of the law and website page/section)
_________________________________________________________________________________
Member/Associate of:
IADI ______ (Yes/No) Type of Membership: ______________ Member since: ___________
EFDI ______ (Yes/No)
Geographic Region: (Single Selection)Eastern Africa Northern America South-Eastern Asia Western EuropeMiddle Africa Latin America Western AsiaSouthern Africa The Caribbean AustraliaWestern Africa Central Asia Eastern EuropeNorthern Africa Eastern Asia Northern EuropeMiddle East Southern Asia Southern Europe
Member of Regional Committees:Primary – Single Selection Africa Regional Committee
Asia-Pacific Regional CommitteeCaribbean Regional CommitteeEurasia Regional CommitteeEurope Regional CommitteeLatin America Regional CommitteeMiddle-East and North Africa Regional CommitteeNorth America Regional Committee
Additional Membership – Multiple Selections
Africa Regional CommitteeAsia-Pacific Regional CommitteeCaribbean Regional CommitteeEurasia Regional CommitteeEurope Regional CommitteeLatin America Regional CommitteeMiddle-East and North Africa Regional CommitteeNorth America Regional Committee
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IADI Annual SurveyData as of 31 December 2013
Part 1
1. Contact person for entries in this edition of IADI Annual Survey
Name: ____________________________________________Email: ____________________________________________Phone: ____________________________________________
2. Type of Deposit Insurance System (DIS) – Single Selection_____ Government legislated and administered______ Government legislated and privately administered______ Privately established and administered______ Central bank administered______ Other – Please specify: _____________________________________________________________
3. Number of employeesPlease provide the number of individuals for each category that applies. If other, provide number and explain in Supplementary Text.
Full-time: ___________________________Part-time: ___________________________Temporary: ___________________________Other: ___________________________ Please specify: __________________________________Total: ___________________________
4. Do employees of the DIA receive legal protection against lawsuits for their actions taken in good faith and acting in the best interest of the DIS? – Single Selection______ Yes______ No______ Other – Please specify: ________________________________________________________________
5. Do former employees of the DIA receive legal protection against lawsuits for their actions taken in good faith and acting in the best interest of the DIS? – Single Selection______ Yes______ No______ Other – Please specify: ________________________________________________________________
6. What is the composition of the Governing Board?Please provide the number of individuals for each category that applies. If other, please provide number and explain in Supplementary Text.
_____ Central Bank_____ Financial Supervisor_____ Ministry of Finance_____ DIA Representatives_____ Bank Sector Representatives_____ Independent full-time_____ Independent part-time_____ Other – Please specify: _____________________________________________________________________ Total
7. Does the DIA head have a fixed term? – Single SelectionIf Yes, please provide term in Supplementary Text.
_____ Yes Please specify: _________________________________________________________ No_____ Other Please specify: ____________________________________________________
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IADI Annual SurveyData as of 31 December 2013
8. DIA legal structure – Single Selection_____ Independent_____ Within the Central Bank_____ Within the Bank Supervisor_____ Established by an Association of Banks_____ Within the Ministry of Finance_____ Other – Please specify: ____________________________________________________
9. System mandates – Single Selection_____ Pay-box_____ Pay-box Plus_____ Loss Minimizer_____ Risk Minimizer_____ Other – Please specify: ____________________________________________________
10. DIA's Additional Key Powers – Multiple Selections
_____ Lender of Last Resort_____ Resolution Authority_____ Banking Supervision_____ Other – Please specify: _____________________________________________________
11. Is there a formal process for a periodic review of the mandates? – Single SelectionIf Yes, use Supplementary Text to indicate when (year) was the last time they were reviewed and changed. If Other, please specify in corresponding Supplementary Text._____ Yes Please specify: _________________________________________________________ No_____ Other Please specify: ____________________________________________________
12. Type of Safety Net Partner 1
Organization name: ____________________________________________________________Website: ___________________________________________________________________Contact email: ___________________________________________________________________
Type of Safety Net Partner______ Central Bank______ Financial Supervisor______ Ministry of Finance______ Other – Please specify: ______________________________________________
Additional Key Powers______ Lender of Last Resort______ Resolution Authority______ Banking Supervision______ Other – Please specify: ______________________________________________
13. Type of Safety Net Partner 2
Organization name: ____________________________________________________________Website: ___________________________________________________________________Contact email: ___________________________________________________________________
Type of Safety Net Partner______ Central Bank______ Financial Supervisor______ Ministry of Finance______ Other – Please specify: ______________________________________________
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IADI Annual SurveyData as of 31 December 2013
Additional Key Powers______ Lender of Last Resort______ Resolution Authority______ Banking Supervision______ Other – Please specify: ______________________________________________
14. Type of Safety Net Partner 3
Organization name: ____________________________________________________________Website: ___________________________________________________________________Contact email: ___________________________________________________________________
Type of Safety Net Partner______ Central Bank______ Financial Supervisor______ Ministry of Finance______ Other – Please specify: ______________________________________________
Additional Key Powers______ Lender of Last Resort______ Resolution Authority______ Banking Supervision______ Other – Please specify: ______________________________________________
15. Are there arrangements in place between the DIA and other safety-net participant(s)? – Single SelectionIf Yes, please name the types of arrangement (MOU, agreements etc.)._____ Yes Please specify: _________________________________________________________ No_____ Other Please specify: ____________________________________________________
16. Does the DIA have a risk monitoring function that involves the analysis and assessment of the risk level of member banks/institutions? – Single Selection
_____ Yes Please specify: _________________________________________________________ No_____ Other Please specify: ____________________________________________________
17. Total year-end operating expenses, i.e. ongoing operations and other costs related to the DIA and for carrying out its activities.Please provide numeric input only.
________________ Please specify local currency: ______________________________________________
____________ USD Please specify the exchange rate used (unit/USD) and date: ______________________
18. Type of DIA member banks/institutions – Multiple Selections
_____ Commercial Banks_____ Credit Unions_____ Financial Cooperatives_____ Insurance Companies_____ Investment Banks_____ Islamic Banks_____ Micro Finance Institutions_____ Rural Banks/Community Banks_____ Savings Banks_____ Securities Companies
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IADI Annual SurveyData as of 31 December 2013
_____ Other Deposit-taking Institutions Please specify: ____________________________________________
19. Mandatory membership – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
20. Are foreign deposit-taking institutions covered in the same way as domestic deposit-taking institutions? – Single SelectionIf No, please describe the difference in Supplementary Text._____ Yes_____ No ____________________________________________________________________________________ Other Please specify: _________________________________________________________________
21. Number of deposit-taking institutions insured by DIAPlease provide numeric input as at the end of reporting period. Use Supplementary Text if necessary for comments.
____________ Please specify: _________________________________________________________________
22. Are there multiple DISs operating in your jurisdiction? – Single SelectionIf Yes, please list names of other DISs in Supplementary Text.
_____ Yes Please specify: _________________________________________________________ No_____ Other
23. Does your jurisdiction have an integrated protection scheme? – Single Selection
_____ Yes_____ No_____ Other Please specify: _________________________________________________________________
Part 2
24. Does your DIS cover the following products? – Multiple Selections
_____ Deposits_____ Investments_____ Life Insurance_____ Other Please specify: _________________________________________________________________
25. Total domestic banking sector deposits
________________ Please specify local currency: _______________________________________________
________________ USD Please specify the exchange rate used (unit/USD) and date: _______________________
26. Total deposit balance in member banks/institutions
________________ Please specify local currency: _______________________________________________
________________ USD Please specify the exchange rate used (unit/USD) and date: _______________________
27. Total amount of eligible deposits
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IADI Annual SurveyData as of 31 December 2013
________________ Please specify local currency: _______________________________________________
________________ USD Please specify the exchange rate used (unit/USD) and date: _______________________
28. Total amount of covered or insured deposits
________________ Please specify local currency: _______________________________________________
________________ USD Please specify the exchange rate used (unit/USD) and date: _______________________
29. Total asset balance in member banks/institutions
________________ Please specify local currency: _______________________________________________
________________ USD Please specify the exchange rate used (unit/USD) and date: _______________________
30. Types of deposit products eligible for coverage by DIA – Multiple Selections
_____ Savings Account_____ Checking Account_____ Annuity Contracts_____ Certificates of Deposit_____ Guaranteed Investment Certificate_____ Travelers Checks_____ Money Orders_____ Certified Drafts of Checks_____ Foreign Currency Deposits_____ Inter-bank Deposits_____ Government Deposits_____ Other
31. Please provide the breakdown in percentage of total deposits held in each category.
Local ____________%
Foreign ____________% Specify foreign currencies: _____________________________________
32. Does your country have a separate fund for the Islamic deposit insurance scheme? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
33. Maximum coverage limit
Per depositor _______________ Please specify local currency: _____________________
Per institution _______________ Please specify local currency: _____________________
Per depositor per institution _______________________ Please specify local currency: ____________________
__________________ USD Please specify the exchange rate used (unit/USD) and date: _________________
34. Is the coverage level indexed? – Single Selection6
IADI Annual SurveyData as of 31 December 2013
If Yes, please indicate to which index it is linked (inflation, Wage Increase or Other). Please provide percentage increase at the end of reporting period in Supplementary Text.
_____ Yes Please specify: _________________________________________________________ No_____ Other Please specify: ____________________________________________________
35. Frequency of the coverage amount being adjusted
_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
36. Coverage ratio (by value)Please provide numeric input of no more than 100% only.
___________%
37. Coverage ratio (by account and/or depositor)Please provide numeric input of no more than 100% only.
By account ________________%
By depositor ________________%
38. Is coverage ratio defined/required by law or regulation? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
39. What is the targeted number of days to begin a deposit reimbursement?Please provide numeric input only.
________________days
Please choose the applicable option:_____ Working days_____ Calendar days_____ As soon as possible Please specify: _________________________________________________
40. Is the number of days required to begin a deposit reimbursement legislated or mandated? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
Part 3
41. Type of funding used by DIA – Single Selection
_____ Ex-ante_____ Ex-post_____ Other Please specify: _____________________________________________________
42. What is the method for assessing or levying premiums on member banks/institutions? – Single Selection
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IADI Annual SurveyData as of 31 December 2013
_____ Flat rate_____ Differential rate_____ A combination of both Please specify: ____________________________________________ Other Please specify: _____________________________________________________
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IADI Annual SurveyData as of 31 December 2013
43. What is the current annual premium rate?If differential, please provide in the Supplementary Text, the premium rates corresponding to each premium risk category
Flat rate: _________ Please specify type(s) of financial institution: _______________________________
Differential rate: ___________ Please list appropriate rate(s), corresponding risk categories and types of financial institutions: ___________________________________________________________________________________
44. Premiums/Levies assessed based upon
_____ Total eligible deposits balance_____ Total covered deposits balance_____ Total asset balance_____ Other Please specify: _________________________________________________________________
45. How often is the premium assessed? – Single SelectionPremium Assessment Period
_____ Monthly_____ Quarterly_____ Semi-annually_____ Annually
46. What assets comprise the deposit insurance fund? – Multiple SelectionsFund Assets_____ Cash_____ Deposit_____ Government Securities_____ Pledged Securities_____ Other Please specify: ______________________________________________________________
47. Does the DIS have a target fund size? – Single SelectionIf so, what is the target fund size? Provide answer in Supplementary Text.
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
48. How is the target fund size determined?
_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
49. Fund Size
___________ Please specify local currency: _________________________________________________________ USD Please specify the exchange rate used (unit/USD) and date: ______________________
50. Fund size (as a percentage of total eligible deposits)Please provide numeric input of no more than 100% only.
Fund size ___________%Supplementary Text: __________________________________________________________________________
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IADI Annual SurveyData as of 31 December 2013
51. Fund size (as a percentage of total covered deposits)Please provide numeric input of no more than 100% only.
Fund size ___________%Supplementary Text: __________________________________________________________________________
52. For emergency, reimbursement or liquidity purposes, which of the following sources of additional or back-up funding does DIA have access to? – Multiple Selections
_____ Government Funding (including loans)_____ Access to Private Markets (including issuing bonds and funds from private sources)_____ Loans from Development Banks_____ Loans from International Organizations_____ Loans from Private Banks_____ Extraordinary Premiums_____ Additional government capitalization_____ Loans from the Central Bank_____ Other Please specify: _________________________________________________________________
Part 4
53. Is there a prompt corrective actions regime in your jurisdiction? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
54. Is the DIA involved in the implementation of prompt corrective actions? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
55. What is the DIA's role in the decision-making process that involves the resolution of failing member banks/institutions? – Single Selection
_____ Sole Decision_____ Contribute to a Decision_____ No Input or Responsibility_____ No input but Obligated to Participate in Resolution Funding_____ Other Please specify: ______________________________________________________
56. What resolution tools or methods are available for bank resolution? – Multiple Selections
_____ Purchase and Assumption_____ Open Bank Assistance_____ Bridge Bank_____ Liquidation_____ Deposit Reimbursement_____ Other Please specify: ______________________________________________________
57. Is the least-cost rule used to determine the method of failure resolution? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
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IADI Annual SurveyData as of 31 December 2013
58. In the case of a systemic failure, are there different criteria used in determining which resolution procedures to adopt? – Single Selection
_____ Yes Please specify: _________________________________________________________ No_____ Other Please specify: ____________________________________________________
59. Payment methods available for reimbursing depositors – Multiple Selections
_____ Check_____ Electronic Transfer_____ Transfer through purchase and assumption agreement_____ ATM or Cash through Branch or Payment Agent_____ Stored value cards_____ Mobile Banking_____ Servicing Bank_____ Interim Payment_____ Other Please specify: ____________________________________________________
60. In case of member bank/institution failures, does the DIA have any formal arrangements with third parties/agents to reimburse depositors? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
61. Are the rules regarding clearing, set-off, netting, trust accounts, and related issues well defined either through the legal system or formal agreement? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
62. Are member banks/institutions required to maintain, in electronic form, depositor records for the use of the DIA in case of reimbursement? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
63. If Yes, what types of depositor information are the member banks/institutions required to hold? – Multiple Selections
_____ Name_____ Address_____ Account number_____ Ownership category (single, joint, etc.)_____ Account type_____ Outstanding balance_____ Currency_____ Number of accounts held under the same name_____ Other Please specify: ____________________________________________________
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IADI Annual SurveyData as of 31 December 2013
64. Please indicate the information required from the depositor by the DIA in case of reimbursement. – Multiple Selections
_____ File a claim_____ Certify account ownership_____ Proof of identity_____ Proof of not being an excluded depositor_____ None_____ Other Please specify: ____________________________________________________
65. Are there any consequences if the depositor is not able to provide proof of claim? – Single Selection
_____ Yes Please specify: _________________________________________________________ No_____ Other Please specify: ____________________________________________________
66. When is the DIA given access to an institution's financial and depositor records? – Single SelectionDIA Access to Records
_____ Prior to the bank being declared insolvent_____ After the bank is declared insolvent_____ Other Please specify: ____________________________________________________
67. Does the DIA carry out any scenario planning or resolution simulation exercises? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
68. Does the DIA have the authority to act as administrator/conservator? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
69. Does the DIA have the authority to act as receiver/liquidator? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
70. Who conducts examinations of DIA member institutions? – Multiple Selections
_____ DIA Please specify on-site or off-site: ___________________________________________ Financial Supervisor_____ Central Bank_____ Ministry of Finance_____ Other Please specify: ____________________________________________________
71. How does the DIA verify the accuracy of depositor records?____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
72. Resolution framework governed by – Multiple SelectionsResolution Framework Governance
_____ Bankruptcy/Insolvency laws_____ Special resolution regime
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IADI Annual SurveyData as of 31 December 2013
_____ Other Please specify: ____________________________________________________
73. Depositor preference – Single SelectionDo depositor claims rank in priority above other unsecured creditors in the liquidation of a member bank/institution?
_____ Yes_____ No
74. Depositor rankingIf there is no depositor preference, how are deposits ranked?_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
75. What type of law or agreement provides for depositor preference? – Single Selection
_____ Insolvency law_____ Banking law_____ Other Please specify: ____________________________________________________
76. Are the remaining assets of a failing institution used (partly or fully) before the end of the liquidation process in order to honor preferred deposits? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
77. How does the DIA gain access to information from member banks/institutions? – Multiple Selections
_____ Directly_____ Supervisory authorities_____ Auditors_____ Other Please specify: ____________________________________________________
78. Number of member bank/institution failures since inception of the DIA and date of the most recent failurePlease indicate if this is a confirmed or estimated number in Supplementary Text.
Number of failures: _____________ Please specify: _______________________
Date of most recent failure: _________________________
79. Of the member bank/institution failures since inception, please specify the number of times each of the following resolution tools or methods was used.
Purchase and Assumption: ____________Open Bank Assistance: ____________Bridge Bank: ____________Depositor Reimbursement: ____________Liquidation: ____________Other: ____________ Please specify: _____________________________________
80. Number of member banks/institutions failed in prior yearPlease provide numeric input only.
_________________________
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IADI Annual SurveyData as of 31 December 2013
81. Is there a legislated mechanism to handle a systemic crisis? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
82. Is the DIA involved in the process of handling a systemic crisis? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
83. Does the DIA play a role in the creditor claims and asset recoveries process? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
84. What are the statutory mandates or written policy objectives in the recovery process? – Multiple Selections
_____ Maximize recovery value_____ Minimize period for recovery_____ Minimize liquidation costs and expenses_____ Comply with the legal timeframe for bank liquidation_____ Follow sound banking and commercial practices_____ Follow a Least-Cost Rule (the least cost to the DIS)_____ Market or economic stabilization_____ Other Please specify: ____________________________________________________
85. Are there cross-border arrangements between home/host deposit insurers for resolution/reimbursement in your jurisdiction? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
86. Does the DIA have a contingency plan in place to improve crisis preparedness? – Multiple Selections
_____ Simulation exercises_____ Call center_____ Other Please specify: ____________________________________________________
Part 5
87. Does the DIA have a public awareness program? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
88. What are the objectives of the DIA's public awareness program? – Multiple Selections
_____ Promoting awareness on an on-going basis_____ Promoting corporate image/identity_____ Promoting financial stability_____ Updating depositors about change to DI coverage_____ Other Please specify: ____________________________________________________
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IADI Annual SurveyData as of 31 December 2013
89. Public Awareness communication tools used by the DIA – Multiple Selections
_____ Printed Material_____ Use of Sign to Display Insured Status - Both in Bank Statements and Decals_____ Telephone Call Center_____ Website_____ Mass Media_____ Social Media_____ Other Please specify: ____________________________________________________
90. Does the DIA carry out public awareness campaign on an ongoing basis? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
91. If the answer is No to question 87, was there a public awareness campaign carried out by the DIA any time during the reporting period? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
92. If the answer is Yes to question 89 or 90, is the public awareness campaign evaluated by an independent party? – Single Selection
_____ Yes_____ No_____ Other Please specify: ____________________________________________________
93. If the public awareness level is evaluated, please provide:
Actual Level: _________________When the Evaluation was conducted: ________________________Evaluation Methodology: _____________________________________________________________
94. Amount appropriated for the public awareness campaigns during the reporting periodIn local currency and US dollars or percentage of the budget. Please provide numeric input only and specify local currency in Supplementary Text.
________________ Please specify local currency: _______________________________________________
________________ USD Please specify the exchange rate used (unit/USD) and date: _______________________
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