Basel Committee sets out principles for deposit insurance

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The Basel Committee on Banking Supervision on Thursday launched a consultation for devising core principles for effective deposit insurance systems, which may be used in self-assessments or third party reviews including the IMF's Financial Sector Assessment Programmes.

The Basel Committee has set out 18 such principles, backed by a host of recommendations to help realise each principle.

Setting out appropriate public policy objectives for each deposit insurance system is among the principles the

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