survey.bfg.plsurvey.bfg.pl/iadi/download/ASQWordVersion2015.docx · Web viewIADI Annual Survey. Data as of 31 December 2014. 14. My Details. Name of Deposit Insurance Agency (DIA):

IADI Annual SurveyData as of 31 December 2014

My Details

Name of Deposit Insurance Agency (DIA): ______________________________________________

Jurisdiction: ______________________

Web site: ________________________

Address: _________________________________________________________________________

Phone: _________________________

Fax: ___________________________

Year established: _________________

Governing law and/or mechanism (include name of the law and website page/section)

_________________________________________________________________________________

Member/Associate of:

IADI ______ (Yes/No) Type of Membership: ______________ Member since: ___________

EFDI ______ (Yes/No)

Geographic Region: (Single Selection)Eastern Africa Northern America South-Eastern Asia Western EuropeMiddle Africa Latin America Western AsiaSouthern Africa The Caribbean AustraliaWestern Africa Central Asia Eastern EuropeNorthern Africa Eastern Asia Northern EuropeMiddle East Southern Asia Southern Europe

Member of Regional Committees:Primary – Single Selection Africa Regional Committee

Asia-Pacific Regional CommitteeCaribbean Regional CommitteeEurasia Regional CommitteeEurope Regional CommitteeLatin America Regional CommitteeMiddle-East and North Africa Regional CommitteeNorth America Regional Committee

Additional Membership – Multiple Selections

Africa Regional CommitteeAsia-Pacific Regional CommitteeCaribbean Regional CommitteeEurasia Regional CommitteeEurope Regional CommitteeLatin America Regional CommitteeMiddle-East and North Africa Regional CommitteeNorth America Regional Committee

1


Part 1

1. Contact person for entries in this edition of IADI Annual Survey

Name: ____________________________________________Email: ____________________________________________Phone: ____________________________________________

2. Type of Deposit Insurance System (DIS) – Single Selection_____ Government legislated and administered______ Government legislated and privately administered______ Privately established and administered______ Central bank administered______ Other – Please specify: _____________________________________________________________

3. Number of employeesPlease provide the number of individuals for each category that applies. If other, provide number and explain in Supplementary Text.

Full-time: ___________________________Part-time: ___________________________Temporary: ___________________________Other: ___________________________ Please specify: __________________________________Total: ___________________________

4. Do employees of the DIA receive legal protection against lawsuits for their actions taken in good faith and acting in the best interest of the DIS? – Single Selection______ Yes______ No______ Other – Please specify: ________________________________________________________________

5. Do former employees of the DIA receive legal protection against lawsuits for their actions taken in good faith and acting in the best interest of the DIS? – Single Selection______ Yes______ No______ Other – Please specify: ________________________________________________________________

6. What is the composition of the Governing Board?Please provide the number of individuals for each category that applies. If other, please provide number and explain in Supplementary Text.

_____ Central Bank_____ Financial Supervisor_____ Ministry of Finance_____ DIA Representatives_____ Bank Sector Representatives_____ Independent full-time_____ Independent part-time_____ Other – Please specify: _____________________________________________________________________ Total

7. Does the DIA head have a fixed term? – Single SelectionIf Yes, please provide term in Supplementary Text.

_____ Yes Please specify: _________________________________________________________ No_____ Other Please specify: ____________________________________________________

2


8. DIA legal structure – Single Selection_____ Independent_____ Within the Central Bank_____ Within the Bank Supervisor_____ Established by an Association of Banks_____ Within the Ministry of Finance_____ Other – Please specify: ____________________________________________________

9. System mandates – Single Selection_____ Pay-box_____ Pay-box Plus_____ Loss Minimizer_____ Risk Minimizer_____ Other – Please specify: ____________________________________________________

10. DIA's Additional Key Powers – Multiple Selections

_____ Lender of Last Resort_____ Resolution Authority_____ Banking Supervision_____ Other – Please specify: _____________________________________________________

11. Is there a formal process for a periodic review of the mandates? – Single SelectionIf Yes, use Supplementary Text to indicate when (year) was the last time they were reviewed and changed. If Other, please specify in corresponding Supplementary Text._____ Yes Please specify: _________________________________________________________ No_____ Other Please specify: ____________________________________________________

12. Type of Safety Net Partner 1

Organization name: ____________________________________________________________Website: ___________________________________________________________________Contact email: ___________________________________________________________________

Type of Safety Net Partner______ Central Bank______ Financial Supervisor______ Ministry of Finance______ Other – Please specify: ______________________________________________

Additional Key Powers______ Lender of Last Resort______ Resolution Authority______ Banking Supervision______ Other – Please specify: ______________________________________________




3







15. Are there arrangements in place between the DIA and other safety-net participant(s)? – Single SelectionIf Yes, please name the types of arrangement (MOU, agreements etc.)._____ Yes Please specify: _________________________________________________________ No_____ Other Please specify: ____________________________________________________

16. Does the DIA have a risk monitoring function that involves the analysis and assessment of the risk level of member banks/institutions? – Single Selection


17. Total year-end operating expenses, i.e. ongoing operations and other costs related to the DIA and for carrying out its activities.Please provide numeric input only.

________________ Please specify local currency: ______________________________________________

____________ USD Please specify the exchange rate used (unit/USD) and date: ______________________

18. Type of DIA member banks/institutions – Multiple Selections

_____ Commercial Banks_____ Credit Unions_____ Financial Cooperatives_____ Insurance Companies_____ Investment Banks_____ Islamic Banks_____ Micro Finance Institutions_____ Rural Banks/Community Banks_____ Savings Banks_____ Securities Companies

4


_____ Other Deposit-taking Institutions Please specify: ____________________________________________

19. Mandatory membership – Single Selection

_____ Yes_____ No_____ Other Please specify: ____________________________________________________

20. Are foreign deposit-taking institutions covered in the same way as domestic deposit-taking institutions? – Single SelectionIf No, please describe the difference in Supplementary Text._____ Yes_____ No ____________________________________________________________________________________ Other Please specify: _________________________________________________________________

21. Number of deposit-taking institutions insured by DIAPlease provide numeric input as at the end of reporting period. Use Supplementary Text if necessary for comments.

____________ Please specify: _________________________________________________________________

22. Are there multiple DISs operating in your jurisdiction? – Single SelectionIf Yes, please list names of other DISs in Supplementary Text.

_____ Yes Please specify: _________________________________________________________ No_____ Other

23. Does your jurisdiction have an integrated protection scheme? – Single Selection

_____ Yes_____ No_____ Other Please specify: _________________________________________________________________

Part 2

24. Does your DIS cover the following products? – Multiple Selections

_____ Deposits_____ Investments_____ Life Insurance_____ Other Please specify: _________________________________________________________________

25. Total domestic banking sector deposits

________________ Please specify local currency: _______________________________________________

________________ USD Please specify the exchange rate used (unit/USD) and date: _______________________

26. Total deposit balance in member banks/institutions



27. Total amount of eligible deposits

5




28. Total amount of covered or insured deposits



29. Total asset balance in member banks/institutions



30. Types of deposit products eligible for coverage by DIA – Multiple Selections

_____ Savings Account_____ Checking Account_____ Annuity Contracts_____ Certificates of Deposit_____ Guaranteed Investment Certificate_____ Travelers Checks_____ Money Orders_____ Certified Drafts of Checks_____ Foreign Currency Deposits_____ Inter-bank Deposits_____ Government Deposits_____ Other

31. Please provide the breakdown in percentage of total deposits held in each category.

Local ____________%

Foreign ____________% Specify foreign currencies: _____________________________________

32. Does your country have a separate fund for the Islamic deposit insurance scheme? – Single Selection


33. Maximum coverage limit

Per depositor _______________ Please specify local currency: _____________________

Per institution _______________ Please specify local currency: _____________________

Per depositor per institution _______________________ Please specify local currency: ____________________

__________________ USD Please specify the exchange rate used (unit/USD) and date: _________________

34. Is the coverage level indexed? – Single Selection6


If Yes, please indicate to which index it is linked (inflation, Wage Increase or Other). Please provide percentage increase at the end of reporting period in Supplementary Text.


35. Frequency of the coverage amount being adjusted

_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

36. Coverage ratio (by value)Please provide numeric input of no more than 100% only.

___________%

37. Coverage ratio (by account and/or depositor)Please provide numeric input of no more than 100% only.

By account ________________%

By depositor ________________%

38. Is coverage ratio defined/required by law or regulation? – Single Selection


39. What is the targeted number of days to begin a deposit reimbursement?Please provide numeric input only.

________________days

Please choose the applicable option:_____ Working days_____ Calendar days_____ As soon as possible Please specify: _________________________________________________

40. Is the number of days required to begin a deposit reimbursement legislated or mandated? – Single Selection


Part 3

41. Type of funding used by DIA – Single Selection

_____ Ex-ante_____ Ex-post_____ Other Please specify: _____________________________________________________

42. What is the method for assessing or levying premiums on member banks/institutions? – Single Selection

7


_____ Flat rate_____ Differential rate_____ A combination of both Please specify: ____________________________________________ Other Please specify: _____________________________________________________

8


43. What is the current annual premium rate?If differential, please provide in the Supplementary Text, the premium rates corresponding to each premium risk category

Flat rate: _________ Please specify type(s) of financial institution: _______________________________

Differential rate: ___________ Please list appropriate rate(s), corresponding risk categories and types of financial institutions: ___________________________________________________________________________________

44. Premiums/Levies assessed based upon

_____ Total eligible deposits balance_____ Total covered deposits balance_____ Total asset balance_____ Other Please specify: _________________________________________________________________

45. How often is the premium assessed? – Single SelectionPremium Assessment Period

_____ Monthly_____ Quarterly_____ Semi-annually_____ Annually

46. What assets comprise the deposit insurance fund? – Multiple SelectionsFund Assets_____ Cash_____ Deposit_____ Government Securities_____ Pledged Securities_____ Other Please specify: ______________________________________________________________

47. Does the DIS have a target fund size? – Single SelectionIf so, what is the target fund size? Provide answer in Supplementary Text.


48. How is the target fund size determined?

_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

49. Fund Size

___________ Please specify local currency: _________________________________________________________ USD Please specify the exchange rate used (unit/USD) and date: ______________________

50. Fund size (as a percentage of total eligible deposits)Please provide numeric input of no more than 100% only.

Fund size ___________%Supplementary Text: __________________________________________________________________________

9


51. Fund size (as a percentage of total covered deposits)Please provide numeric input of no more than 100% only.

Fund size ___________%Supplementary Text: __________________________________________________________________________

52. For emergency, reimbursement or liquidity purposes, which of the following sources of additional or back-up funding does DIA have access to? – Multiple Selections

_____ Government Funding (including loans)_____ Access to Private Markets (including issuing bonds and funds from private sources)_____ Loans from Development Banks_____ Loans from International Organizations_____ Loans from Private Banks_____ Extraordinary Premiums_____ Additional government capitalization_____ Loans from the Central Bank_____ Other Please specify: _________________________________________________________________

Part 4

53. Is there a prompt corrective actions regime in your jurisdiction? – Single Selection


54. Is the DIA involved in the implementation of prompt corrective actions? – Single Selection


55. What is the DIA's role in the decision-making process that involves the resolution of failing member banks/institutions? – Single Selection

_____ Sole Decision_____ Contribute to a Decision_____ No Input or Responsibility_____ No input but Obligated to Participate in Resolution Funding_____ Other Please specify: ______________________________________________________

56. What resolution tools or methods are available for bank resolution? – Multiple Selections

_____ Purchase and Assumption_____ Open Bank Assistance_____ Bridge Bank_____ Liquidation_____ Deposit Reimbursement_____ Other Please specify: ______________________________________________________

57. Is the least-cost rule used to determine the method of failure resolution? – Single Selection


10


58. In the case of a systemic failure, are there different criteria used in determining which resolution procedures to adopt? – Single Selection


59. Payment methods available for reimbursing depositors – Multiple Selections

_____ Check_____ Electronic Transfer_____ Transfer through purchase and assumption agreement_____ ATM or Cash through Branch or Payment Agent_____ Stored value cards_____ Mobile Banking_____ Servicing Bank_____ Interim Payment_____ Other Please specify: ____________________________________________________

60. In case of member bank/institution failures, does the DIA have any formal arrangements with third parties/agents to reimburse depositors? – Single Selection


61. Are the rules regarding clearing, set-off, netting, trust accounts, and related issues well defined either through the legal system or formal agreement? – Single Selection


62. Are member banks/institutions required to maintain, in electronic form, depositor records for the use of the DIA in case of reimbursement? – Single Selection


63. If Yes, what types of depositor information are the member banks/institutions required to hold? – Multiple Selections

_____ Name_____ Address_____ Account number_____ Ownership category (single, joint, etc.)_____ Account type_____ Outstanding balance_____ Currency_____ Number of accounts held under the same name_____ Other Please specify: ____________________________________________________

11


64. Please indicate the information required from the depositor by the DIA in case of reimbursement. – Multiple Selections

_____ File a claim_____ Certify account ownership_____ Proof of identity_____ Proof of not being an excluded depositor_____ None_____ Other Please specify: ____________________________________________________

65. Are there any consequences if the depositor is not able to provide proof of claim? – Single Selection


66. When is the DIA given access to an institution's financial and depositor records? – Single SelectionDIA Access to Records

_____ Prior to the bank being declared insolvent_____ After the bank is declared insolvent_____ Other Please specify: ____________________________________________________

67. Does the DIA carry out any scenario planning or resolution simulation exercises? – Single Selection


68. Does the DIA have the authority to act as administrator/conservator? – Single Selection


69. Does the DIA have the authority to act as receiver/liquidator? – Single Selection


70. Who conducts examinations of DIA member institutions? – Multiple Selections

_____ DIA Please specify on-site or off-site: ___________________________________________ Financial Supervisor_____ Central Bank_____ Ministry of Finance_____ Other Please specify: ____________________________________________________

71. How does the DIA verify the accuracy of depositor records?____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

72. Resolution framework governed by – Multiple SelectionsResolution Framework Governance

_____ Bankruptcy/Insolvency laws_____ Special resolution regime

12


_____ Other Please specify: ____________________________________________________

73. Depositor preference – Single SelectionDo depositor claims rank in priority above other unsecured creditors in the liquidation of a member bank/institution?

_____ Yes_____ No

74. Depositor rankingIf there is no depositor preference, how are deposits ranked?_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

75. What type of law or agreement provides for depositor preference? – Single Selection

_____ Insolvency law_____ Banking law_____ Other Please specify: ____________________________________________________

76. Are the remaining assets of a failing institution used (partly or fully) before the end of the liquidation process in order to honor preferred deposits? – Single Selection


77. How does the DIA gain access to information from member banks/institutions? – Multiple Selections

_____ Directly_____ Supervisory authorities_____ Auditors_____ Other Please specify: ____________________________________________________

78. Number of member bank/institution failures since inception of the DIA and date of the most recent failurePlease indicate if this is a confirmed or estimated number in Supplementary Text.

Number of failures: _____________ Please specify: _______________________

Date of most recent failure: _________________________

79. Of the member bank/institution failures since inception, please specify the number of times each of the following resolution tools or methods was used.

Purchase and Assumption: ____________Open Bank Assistance: ____________Bridge Bank: ____________Depositor Reimbursement: ____________Liquidation: ____________Other: ____________ Please specify: _____________________________________

80. Number of member banks/institutions failed in prior yearPlease provide numeric input only.

_________________________

13


81. Is there a legislated mechanism to handle a systemic crisis? – Single Selection


82. Is the DIA involved in the process of handling a systemic crisis? – Single Selection


83. Does the DIA play a role in the creditor claims and asset recoveries process? – Single Selection


84. What are the statutory mandates or written policy objectives in the recovery process? – Multiple Selections

_____ Maximize recovery value_____ Minimize period for recovery_____ Minimize liquidation costs and expenses_____ Comply with the legal timeframe for bank liquidation_____ Follow sound banking and commercial practices_____ Follow a Least-Cost Rule (the least cost to the DIS)_____ Market or economic stabilization_____ Other Please specify: ____________________________________________________

85. Are there cross-border arrangements between home/host deposit insurers for resolution/reimbursement in your jurisdiction? – Single Selection


86. Does the DIA have a contingency plan in place to improve crisis preparedness? – Multiple Selections

_____ Simulation exercises_____ Call center_____ Other Please specify: ____________________________________________________

Part 5

87. Does the DIA have a public awareness program? – Single Selection


88. What are the objectives of the DIA's public awareness program? – Multiple Selections

_____ Promoting awareness on an on-going basis_____ Promoting corporate image/identity_____ Promoting financial stability_____ Updating depositors about change to DI coverage_____ Other Please specify: ____________________________________________________

14


89. Public Awareness communication tools used by the DIA – Multiple Selections

_____ Printed Material_____ Use of Sign to Display Insured Status - Both in Bank Statements and Decals_____ Telephone Call Center_____ Website_____ Mass Media_____ Social Media_____ Other Please specify: ____________________________________________________

90. Does the DIA carry out public awareness campaign on an ongoing basis? – Single Selection


91. If the answer is No to question 87, was there a public awareness campaign carried out by the DIA any time during the reporting period? – Single Selection


92. If the answer is Yes to question 89 or 90, is the public awareness campaign evaluated by an independent party? – Single Selection


93. If the public awareness level is evaluated, please provide:

Actual Level: _________________When the Evaluation was conducted: ________________________Evaluation Methodology: _____________________________________________________________

94. Amount appropriated for the public awareness campaigns during the reporting periodIn local currency and US dollars or percentage of the budget. Please provide numeric input only and specify local currency in Supplementary Text.



15

Documents

survey.bfg.plsurvey.bfg.pl/iadi/download/ASQWordVersion2015.docx · Web viewIADI Annual Survey. Data as of 31 December 2014. 14. My Details. Name of Deposit Insurance Agency (DIA):