The FSF, headquartered in Basel, Switzerland, was convened in April 1999 to promote international financial stability through an exchange of information and international cooperation in financial supervision and surveillance.
Deposit insurance is a critical element for achieving financial stability.
An increasing number of countries are putting explicit deposit insurance regimes in place. Canada will learn from developments elsewhere and assist other deposit insurance systems in strengthening the international financial system. The study group, composed of officials from international financial institutions, deposit insurance funds, and other government agencies, will draw on work already completed or underway in various public and private sector forums. A report from the study group has been requested for the Forum's next meeting in April 2000. Member institutions include banks, trust companies and loan companies.