- NDIC to Address Risks in Global Financial System
The Nigeria Deposit Insurance Corporation says it will evolve strategies for addressing the potential risks of financial crisis in the global financial system.
To achieve this, the NDIC said it would provide a forum for information and experience sharing among deposit insurance practitioners from multiple jurisdictions.
This is contained in a statement signed the corporation’s Head, Communication and Public Affairs, Mohammed Ibrahim.
The NDIC said it planned to address this issue during the next edition of the International Association of Deposit Insurers, Africa Regional Committee’s annual general meeting and technical assistance workshop holding next week with the theme ‘Financial stability and system-wide crisis preparedness’.
Participants and resource persons from across the African continent and beyond had confirmed their participation in the workshop, the statement said.
It added that the Secretary-General, IADI, Mr David Walker, would be in attendance, along with the executive committee members of the IADI African Regional Committee and representatives of West African Monetary Union Deposit Insurance Fund.
According to the statement, the minister of finance is expected to declare the workshop open.
Apart from providing an effective platform for collaboration in the areas of experience sharing, it stated that the IADI was enhancing the capacity of member agencies through educational programmes, targeted research and guidance on matters relating to deposit insurance system among its members.
