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TERRA ECONOMICUS

Principles of operation of the deposit insurance system

TERRA ECONOMICUS, , Vol. 11 (no. 4.2),
p. 157-161

Adequate funding mechanisms are the most important factor influencing the effectiveness of a deposit insurance system and to maintain public confidence in it, as well as the banking system. Inadequate funding can lead to costly delays in the settlement of insolvency ruined banks and loss of confidence in the deposit insurance system. This article discusses the meaning and implementation mechanism of the Russian system of deposit insurance. In addition, summarized and classified principles of the deposit insurance system, including a systematic, integrated, purpose, legality, prudential regulation and supervision, transparency, liquidity, financial stability should contribute to maintaining the stability of the financial system and protect the rights of depositors.


Keywords: system of deposit insurance; banking system; the mechanism of protection of depositors and the principles of deposit insurance mechanism

References:
  • Basel Committee on Banking Supervision and International Association of Deposit Insurers (2009). Core Principles for Effective Deposit Insurance Systems. Basel: Bank for International Settlements, pp. 12–19.
  • Dal V.I. (1980). Explanatory Dictionary of Russian language. Moscow: Russian language, vol. 3, p. 431. (In Russian.)
  • Kuzmenko V.V., Kayvanov A.V. (2013). Performance criteria in the Russian system of differentiated contributions to the Deposit Insurance Fund. Herald Adyghe State University, no. 1, pp. 27–32. (In Russian.)
  • Kuzmenko V.V., Milovanova E.A., Kuzmenko T.V. (2007). Investment attractiveness of the system of regional economic policy. Regional Economy, no. 2, pp. 16–18. (In Russian.)
  • Trushin S.N., Martinenko P.G. (2008). Value of deposit insurance in the banking system of Russia. Finance and credit, no. 20, pp. 32–39. (In Russian.)
Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606