Regulatory Alerts2017-10-04
The Role Of Microfinance Banks IN The Economic Development of a Natio
This paper delves into the crucial aspects of funding deposit insurance systems (DIS), drawing lessons for Nigeria from international best practices and the experiences of countries like the United States, Malaysia, the Philippines, and Japan. It highlights the significance of funding for the successful implementation of DIS and explores various issues related to funding mechanisms, sources, premium assessment, and fund management. The paper aims to provide valuable insights for policymakers and stakeholders in Nigeria's deposit insurance system, particularly in areas such as target fund ratio, premium assessment, treatment of operating surplus, funding arrangements, and investment policy. Ultimately, the goal is to enhance the effectiveness and stability of Nigeria's DIS by incorporating lessons from global practices.