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Business and Economics > Insurance

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  • Type: Journal Issue x
  • Banks and banking, Cooperative x
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Cover The Design and Implementation of Deposit Insurance Systems
The Design and Implementation of Deposit Insurance Systems
Mr. David S. Hoelscher
,
Mr. Michael W Taylor
, and
Mr. Ulrich H Klueh

Abstract

This paper describes recently established deposit insurance systems, identifying emerging trends. In line with previous IMF work on the subject, it argues against the development of "best practices" applicable to all systems. Rather, it stresses the importance of incorporating each country’s individual objectives in adopting a deposit insurance system, as well as that country’s characteristics, to ensure an effective system that minimizes disincentives and distortions to financial sector intermediation. The paper includes a summary of the academic literature.

Keywords:
OP; deposit; insurance system; deposit insurance system; depositor; deposit insurance agency; deposit insurance practice; FSF report; Deposit insurance; Commercial banks; Bank deposits; Cooperative banks; Distressed institutions; Middle East; Europe; Africa; Asia and Pacific; Moral hazard
Cover IMF Staff Country Reports
Cyprus: Assessment of Financial Sector Supervision and Regulation, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Supervision, and Securities Regulation
International Monetary Fund
The report summarizes the assessment of Financial Sector Supervision and Regulation on Reports on the Observance of Standards and Codes (ROSC) on banking supervision, insurance supervision, and securities regulation of Cyprus. The report assesses that the financial system in Cyprus is in a process of reform generated by liberalization and regulation owing to accession to the European Union. The paper analyzes competency in the banking sector and technical supervisory rules, and assesses its strengths and vulnerabilities in the implementation of financial standards mainly in cross-border cooperation, information exchange, and consolidated supervision.
Keywords:
ISCR; CR; firm; Cyprus; authority; bank; EU directive; nonlife company; EU branch; EU entry; national bank; securities regulator; EU protocol; EU passport; EU accession; EU UCITS directive; Cooperative banks; Insurance companies; Commercial banks; Insurance; Foreign banks; Eastern Europe
Cover IMF Staff Country Reports
Germany: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Insurance Regulation, Monetary and Financial Policy Transparency, Payment Systems, and Securities Settlement
International Monetary Fund
The German financial system is complex and highly diversified. The second most important class of financial institutions is insurance and pension companies. Germany has taken steps to enhance accounting and auditing practices and to align corporate governance with best international practices. The German banking system is resilient, but relevant indicators show some deterioration. The main vulnerability facing all sectors of the insurance industry is the pressure on capital ratios and risk-bearing capacity from the poor performance of investment portfolios. Securities regulation is of a high standard.
Keywords:
ISCR; CR; banking system; favor bank client; public sector bank; bank financing; bank-issued securities; cooperative bank; credit risk; bank profitability; financial system; Commercial banks; Insurance companies; Cooperative banks; Insurance; Public sector; Global; Europe