Deposit insurance
Deposit insurance is a measure taken by banks in many countries to protect their clients' savings, either fully or in part, against any possible situation that would prevent the bank from returning said savings. Deposit insurance institutions are for the most part government run or established, and may or may not be a part of a country's central bank. Many national deposit insurance agencies are members of IADI, an international organization established to promote deposit insurance, help countries without deposit insurance to establish their own agencies, and promote the exchange of knowledge and experiences between deposit insurers of different countries.
Deposit insurance agencies
- Federal Deposit Insurance Corporation (FDIC) (USA)
- Canadian Deposit Insurance Cosporation (CDIC) (Canada)
- Instituto de Proteccion al Ahorro Bancario (IPAB) (Mexico)
External links
Categories: Banking