An International Conference "Success Story: 20 years of the Russian Deposit Insurance System" Was Held

An international conference titled “Success Story: 20 years of the Russian Deposit Insurance System ” was held in Moscow, organized by the State Corporation “Deposit Insurance Agency” (DIA).

The event was attended by
representatives of legislative and executive authorities, the banking and expert communities, and deposit insurers from 20 countries, including all EAEU member states.

The main theme of the conference was the improvement of mechanisms for protecting depositors’ savings.

“The systematic work of the Government of the Russian Federation and the Bank of Russia has made it possible to achieve a balance in the banking sector and ensure the stability of the Russian financial system in the face of external shocks. This is a condition for the financial sovereignty of the Russian Federation and for improving the well-being of its citizens.”

Alexei Moiseev, Deputy Minister of Finance of the Russian Federation

“DIA is directly involved in ensuring the stability of the financial sector. I hope that the Agency will continue to respond effectively to new challenges.”

Nikolai Zhuravlev, Deputy Chairman of the Federation Council of the Federal Assembly of the Russian Federation

First Deputy Governor of the Bank of Russia, Dmitry Tulin, highlighted the important role of the deposit insurance system in building public trust in the banking system.

“Over 20 years, the standard insurance compensation limit for deposits has increased more than tenfold, to 1.4 million rubles. Today, deposits and accounts totaling 60 trillion rubles are under state protection.”

Andrey Melnikov, General Director of DIA

In turn, Bakytzhan Sagintayev, Minister for Economy and Financial Policy of the Eurasian Economic Commission (EEC), noted the importance of exchanging practical experience:

“A good practice of regular interaction between representatives of the EEC and the DIA has developed. This interaction has high practical significance and meets one of the most pressing demands in the formation of a common financial market – the safety of depositors.”

Bakytzhan Sagintayev, Minister for Economy and Financial Policy of the EEC

The event was held on January 31 – February 1, 2024.