BDIF Chairman, Mr. Rosen Nikolov, was elected a member of the Executive Council of the International Association of Deposit Insurers (IADI) with a three-year term of office.

Elections took place during the Tenth Annual Conference and the Annual General Meeting of IADI. The Deposit Guarantee Fund of Poland hosted the meetings held from 17 to 21 October inWarsaw.

The theme of this year’s conference was “Beyond the crisis: the need to strengthen financial stability framework.” Participants discussed the impact of the global economic situation and national financial safety nets. Discussed were, accordingly, options to assist problematic banks within crisis management framework and approaches to deal with systematically important financial institutions (too big to fail).

The second conference day was devoted to the role of deposit-guarantee schemes in the financial safety nets and for financial inclusion.

At the forum BDIF and Deposit Guarantee Fund of Ukraine signed a Memorandum of Understanding, which formalizes the framework for cooperation and information exchange between the two institutions.