LEADERSHIP LETTER INTERNATIONAL COLLABORATION
International Collaboration MSIC’s membership in the International Association of Deposit Insurers (IADI) allows it to collaborate with other deposit insurers around the world as we all address the revolutionary change affecting financial services due to technology, new patterns in consumer behavior, and the continuing economic effects of the global pandemic. IADI, as the global standard for deposit insurance systems, conducts cutting edge research in conjunction with the Bank for International Settlements. This important work serves as a research arm of MSIC and allows easy access to best practices in the deposit insurance world. MSIC Hosts the 2023 IADI Annual General Meeting of Members & Annual Conference During 2022, MSIC was honored to be selected to host the 2023 IADI Annual General Meeting of Members and Annual Conference in Boston. From September 25-29, 2023, 210 delegates from deposit insurers from around the world gathered at Boston’s Westin Seaport Hotel for a week of meetings centered around the theme of “Successfully Managing Systemic Risk: Deposit Insurance in a Turbulent World.” Attendees engaged in discussions and attended presentations relating to the changing dynamics of financial institutions and the after-effects of the Silicon Valley Bank and Credit Suisse crisis in March 2023. Former FDIC Chair Sheila Bair was the keynote speaker at the Gala Dinner. The day-long conference on Wednesday, September 27, 2023 featured Professor Daniel Tarullo, a former Federal Reserve Governor, and the Keynote was Martin Gruenberg, the current FDIC Chairman. All three industry leaders addressed the changing issues relating to the delivery of financial services and the threat of additional bank failures and consumer contagion in the months and years ahead. MSIC’s President & CEO, Mike Hanson, served as Master of Ceremonies and was also the moderator of a panel centered around cooperatives.
MISSION OF IADI
IADI contributes to the enhancement of deposit insurance systems by promoting the development and acceptance of principles and supporting guidance, facilitating international cooperation among deposit insurers and other interested parties, and providing training for its members.
MISSION OF MSIC
To promote and strengthen the credit union movement, in partnership with member institutions, by providing excess share and deposit insurance and associated products and services for credit unions and their members, while preserving the integrity of the fund.
10 INTERNATIONAL COLLABORATION
Powered by FlippingBook