Edited by John Raymond LaBrosse, Rodrigo Olivares-Caminal and Dalvinder Singh
Special Address: The Deposit Insurer’s Role in Transitioning from a Government Deposit Guarantee
Special Address The deposit insurer’s role in transitioning from a government deposit guarantee Jean Pierre Sabourin1 It is an honour for me to participate once again in this prestigious symposium and I appreciate the opportunity to be here today to speak to this distinguished group. Many thanks to Ray LaBrosse and the organizers of this symposium for this kind invitation. Having seen and participated in the success of last year’s symposium, the Malaysia Deposit Insurance Corporation, or otherwise known as MDIC, is, once again, proud to be a co-sponsor of this symposium. What a difference a year makes! This time last year, the global economy was mired in the depth of the worst recession since the Great Depression. Fast forward one year, recent months have brought better economic news with traces of more sustaining growth becoming more visible. At the time of writing, the healing of financial conditions along with gradually building public confidence remains supportive to keep the recovery going. As the dust settles, I hope we can now better see the proximate causes of the crisis and solutions to these problems. Hence, it is good for us to reconvene in Warwick at a time of recovery from the financial crisis. This year’s symposium on managing systemic risks, and the topics being discussed, is of great importance to all of us here who share a common interest in fostering the stability of the financial system. Indeed, with global financial risks now receding, this is an opportune time for us...