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Published in:
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2017 | OriginalPaper | Chapter

1. Deposit Insurance at a Glance

Author : Djurdjica Ognjenovic

Published in: Deposit Insurance Schemes

Publisher: Springer International Publishing

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Abstract

This chapter presents the role that the modern explicit deposit insurance scheme (DIS) plays in ensuring financial stability of any country, especially since 2008, when many national jurisdictions enhanced the key features of their established DISs in order to preserve public trust. Given its historical evolution, the DIS’s mandate and powers have developed significantly but its primary goal remained the same, to enable depositors to have fast access to their funds deposited at failing banks. It discusses the origins of the DIS, different types and mandates, significance of the FDIC and the current role of the modern DIS within the financial stability safety net and in the bank resolution process.

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next chapter Key Design Features of an Explicit DIS
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Metadata
Title
Deposit Insurance at a Glance
Author
Djurdjica Ognjenovic
Copyright Year
2017
Book
Deposit Insurance Schemes

Print ISBN: 978-3-319-51142-9

Electronic ISBN: 978-3-319-51143-6

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-3-319-51143-6_1