Basel, IADI issue deposit insurance guidelines

The Basel Committee on Banking Supervision and the International Association of Deposit Insurers (IADI) has issued a set of global guidelines for deposit guarantee systems.

The guidelines, published on Thursday, touch on deposit-insurance coverage, funding and prompt reimbursement. They also cover public awareness, resolution of failed institutions and cooperation with other safety-net providers such as central banks and regulators.

The guidelines also advise countries on replacing blanket

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