What are the five duties of a deposit insurance agency?
Here are five duties (responsibilities) of a deposit insurance agency :
- Formulate and determine policies for the implementation of deposit insurance
- Carry out deposit insurance
- Formulate and establish policies to actively participate in maintaining the banking system’s stability.
- Formulate, determine, and implement policies for settling failed banks that do not have a systemic impact.
- Carry out the handling of failed banks that have a systemic impact.