T+0: CDIC’s Audacious Goal

The Board of Directors of the Canada Deposit Insurance Corporation (CDIC) is pleased to announce that its 2019 Annual Public Meeting will be held in conjunction with The Summit, Payments Canada’s annual industry conference, in Toronto on May 15, 2019. The meeting will feature a panel discussion on the modernization of deposit reimbursement.

Peter Routledge, President and CEO of CDIC, will be joined by a panel of CDIC subject matter experts for a conversation titled “T+0: CDIC’s audacious goal”. They will be speaking about the steps CDIC is taking toward its goal of ensuring Canadians have immediate access to their protected savings in the event of a member institution failure.

In particular, CDIC will discuss its plans to modernize its reimbursement program and systems with an aspiration of being able to reimburse depositors on the day of failure (T+0). These also include working closely with member institutions and financial professionals to facilitate the quick and accurate payment to depositors. These efforts will ensure CDIC keeps pace with a changing banking landscape and Canadians can continue to save and bank with confidence.

Members of the public are invited to participate and will also have the opportunity to ask questions of the panel in advance by emailing smenquiries@cdic.ca or in real time by tweeting @CDIC_CA in English or @SADC_CA in French.

Event Details:

The event will take place at the Beanfield Centre, 105 Princes’ Blvd, Toronto, on May 15, 2019 at 2:15 pm, Eastern Time. To attend in person please email CDIC at smenquiries@cdic.ca.

Like us on Facebook for regular updates. You can also follow us on Twitter and tweet us your questions during the event @CDIC_CA in English and @SADC_CA in French.

View CDIC’s 2018 Annual Report.