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Cooperation with the State Corporation «Deposit Insurance Agency» (Russian Federation)

On Feb. 1 2012, the Deposit Guarantee Fund (Ukraine) and State Corporation «Deposit Insurance Agency» (the Russian Federation) signed the Memorandum of Understanding on cooperation between the parties based on the sharing information principles and mutual support in the development of contemporary approaches to deposit insurance. Both insurers are members of the Eurasia Regional Committee of the International Association of Deposit Insurers.

The Memorandum will strengthen the dialog and exchange in experience between the parties in the areas of mutual interest through bilateral meetings and further development of cooperation.

The Fund and the Agency will be seeking any opportunity to establish effective relations and strengthen the roles of national insurers in the development of effective mechanisms and procedures of DGS management.

Seminar «Practical aspects of the bank liquidation and rehabilitation», August 2-3, 2012, Kyiv, Ukraine

»Practical aspects of the bank liquidation and rehabilitation» seminar was initiated by the Deposit Guarantee Fund within the frame of the «Memorandum of Understanding and Cooperation» with the State Corporation «Deposit Insurance Agency» (Russian Federation).

The specialists from the Deposit Guarantee Fund (Ukraine) and Deposit Insurance Agency (Russian Federation) participated in the event.

Ms. Olena Sharova, Managing Director of the Deposit Guarantee Fund in her opening address gave an overview of the deposit guarantee system in Ukraine and stressed the importance of the exchange of experience with the colleagues from Russia.

At the seminar the representatives of the State Corporation «Deposit Insurance Agency» shared their practical experience in the field of rehabilitation and liquidation of the problem banks in Russia. The Deposit Guarantee Fund specialists made a presentation on the new powers of the Fund in line with Law of Ukraine «On household deposit guarantee system» and also briefed the participants on the procedure of the deposit payout in line with these new extended powers.

The special attention was paid to the issues of the insolvent banks resolution.