International Work
Overview of CDIC’s International Activities
The global financial industry is changing rapidly. Financial institutions are becoming larger and much
more complex—forming conglomerates that span many countries and giving rise to cross-border implications that
affect Canada’s financial sector. As the globalization of the financial services continues, CDIC must
understand the changes that are occurring and how these affect our member institutions and the provision of
deposit insurance.
CDIC participates in a number of international activities relating to deposit insurance. The Corporation
receives many requests for participation in international conferences, seminars and workshops and requests
for assistance by countries establishing or updating deposit insurance systems. CDIC’s assistance aligns with
the federal government's policy of promoting international financial system stability and cooperation in
financial institution regulation. The Corporation also benefits by learning about developments in other
deposit insurance systems and emerging global issues which can affect our member institutions. Some of these
issues include:
- globalization and its impact on the financial services sector
- the effect of multiple regulators/supervisors dealing with a global financial institution
- variances in international law and insolvency regimes
- new deposit and investments products
- developments in e-money, e-commerce and international clearing and settlements
In addition to providing direct assistance to countries, CDIC participates in the development of
international guidance for deposit insurance systems. This is being done through organizations such as the International Association of Deposit Insurers (IADI), the Bank for International Settlements (BIS), the Financial Stability Board (FSB) and the International Monetary Fund (IMF). As an example, CDIC is
currently contributing to the development of Core Principles
for Effective Deposit Insurance Systems with and BIS.
Learn more about CDIC’s international work, including our survey on international deposit insurance practices and access international links to other deposit insurance organizations
around the world. Visit our general links page
to connect with other international organizations and events.
You can also click on any of the following for more detailed information about CDIC’s international
work:
Questions or comments about our international work? Contact us at international@cdic.ca
