World Bank Financial Sector Advisory Center (FinSAC) invites its clients and colleagues for its seminar on the use of Deposit Guarantee Schemes (DGS) funds and backstop funding arrangements on March 9-10, 2023, in the World Bank Office in Vienna, Austria.
The event convenes regulators, resolution authorities and deposit insurance specialists from several jurisdictions along with relevant counterparts in public sector and academia. The objective is to share experiences and views on how Deposit Guarantee Schemes (DGS) can best contribute to ensuring financial stability in times of stress and contribute to support stronger and more resilient banking sectors.
The first day will offer a comprehensive overview on the potential usage of DGS funds to foster financial stability. It will start by discussing “traditional” deposit reimbursement processes and challenges in ensuring efficient and fast cooperation with the authorities and the liquidator under court- and administrative-based liquidation schemes. The second part of the day will focus on the use of DGS funds to support alternative measures to payouts, both within and outside resolution. Speakers will present different regulatory frameworks and share practical examples on their application and discuss related legal safeguards. The first day will conclude with a panel discussing strategic challenges for DGS including IT aspects, its place next to resolution funds as well as national and crossborder cooperation issues.
The sessions on the second day will cover the design and implementation of different types of backstop funding arrangements for DGS. FinSAC will share results from a recent survey conducted in ECA countries and some selected benchmark jurisdictions. In addition, speakers will share backup funding practical examples of different jurisdictions.
Please kindly contact Mariya Mavrova mmavrova1@worldbank.org regarding your participation and Mr. Nan Zhou (nzhou@worldbank.org) and Mrs. Pamela Lintner (plintner@worldbank.org) if you have any questions, suggestions, or special requests regarding the event.