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Funding of Deposit Insurance System Kazakhstani case

Funding of Deposit Insurance System Kazakhstani case. Discussant : Bakhyt Mazhenova General Director JSC « Kazakhstan Deposit Insurance Fund ». 2. 1. 3. Forecasting approach. KDIF’ contingency funding. Alternative sources of funding. Kazakhstan Deposit Insurance Fund. Contents.

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Funding of Deposit Insurance System Kazakhstani case

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  1. Funding ofDepositInsurance SystemKazakhstani case Discussant: Bakhyt Mazhenova General Director JSC «Kazakhstan Deposit Insurance Fund»

  2. 2 1 3 Forecasting approach KDIF’ contingency funding Alternative sources of funding Kazakhstan Deposit Insurance Fund Contents

  3. Kazakhstan Deposit Insurance Fund KDIF contingency funding KDIF’ fund deficit Additional premiums Pay-out to depositors Member banks

  4. Kazakhstan Deposit Insurance Fund KDIF contingency funding (cont-n) KDIF’ fund deficit Repayment Extraordinary premiums Loan Member banks Central Bank

  5. Kazakhstan Deposit Insurance Fund Funding key issues: • What banks are tending to fail? • How much additional funds KDIF needs? • How to plan possible costs in order to pay reimbursement to depositors fully?

  6. Kazakhstan Deposit Insurance Fund Banks’ distribution by risks, premiums and coverage amounts

  7. Coverage amount '000 KZT Risk zone 100 000 000 20 000 000 R E S E R V E F U N D 10 000 000 Kazakhstan Deposit Insurance Fund 1 000 000 50 000 10 000 0 А B С D E Rating of the banks Illustration of banks’ distribution

  8. Kazakhstan Deposit Insurance Fund • KDIF in accordance with the “Law on mandatory deposits insurance” has a right to borrow from the National Bank of Kazakhstan (the central bank). • National Bank of Kazakhstan has no obligation to provide the loan.

  9. Kazakhstan Deposit Insurance Fund Alternative sources of funding • Credit derivatives • Reassurance of risks • Issue of bonds

  10. Kazakhstan Deposit Insurance Fund Advantages and disadvantages of alternative sources Credit derivatives

  11. Kazakhstan Deposit Insurance Fund Advantages and disadvantages of alternative sources (cont-n) Reassurance of risks

  12. Kazakhstan Deposit Insurance Fund Advantages and disadvantages of alternative sources (cont-n) Issue of bonds

  13. Kazakhstan Deposit Insurance Fund Raising the Bar: May be the time to develop IADI standards has come?

  14. Thank you for your attention!

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