JODIC Participated in the webinar titled: “Ongoing and Expected Impact of the Covid-19 Crisis on Resolution Authorities and Deposit Insurers”

The Corporation participated in the webinar organized jointly by the Financial Stability Institute (FSI) of the Bank for International Settlements and the International Association of Deposit Insurers (IADI) during September 2020 via WEBEX. The presentation included a discussion about the risks to the banking sector during Covid-19 pandemic and its impacts on deposit insurers and the actions adopted for addressing that negativities, in addition to the measures that the resolution authorities are currently taking to ensure that they are as ready as possible to respond effectively to bank failures during the pandemic. Also, there were discussions about the impact on FinTech growth: challenges and opportunities for deposit insurers and resolution authorities.