Resolution of Financial Cooperatives
IADI Podcast
English - February 14, 2022 08:00 - 24 minutes - 16.9 MB - ★★★★★ - 1 ratingSocial Sciences Science deposit insurance financial stability Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Banking Resolution - Expansion of the Resolution Toolkit and the Changing Role of Deposit Insurers
Next Episode: Exploring Deposit Insurance for E-money
In this podcast, Bert Van Roosebeke (IADI Secretariat, Basel) is joined by Julien Reid (Autorité des marchés financiers, Québec) to discuss how financial cooperatives are different from traditional banks and how this affects the work by IADI on resolution. Julien explains the recent Guidance issued by IADI which aims at finding ways to maintain the cooperative nature after resolution. He explains how activities by umbrella organisations, institutional protection schemes, deposit insurers and resolution authorities can contribute to that. Finally, Julien talks about IADI cooperation with the FSB on these issues and relevant future work.