BDIF Chairman Rossen Nikolov participated in a meeting of the Executive Council and the Inaugural Conference of RCNA on ‘Cross-Border Resolutions’ of the International Association of Deposit Insurers held on 5-6 February in Ottawa, Canada. At its meeting the Executive Council approved a plan for a practical response to the IMF call to IADI for expert assistance in the evaluation of DISs in different jurisdictions under the Financial Sector Assessment Program. The evaluation will be carried out according to the standards developed by the Basel Committee on Banking Supervision and the International Association of Deposit Insurers in compliance with the Core Principles for Effective Deposit Insurance Systems. Thus, IADI transforms from a standard setter to a standard evaluator, and partner of the IMF. BDIF is a founding member of the established in 2002 Association.
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