ADIF and European partners mull cooperation for next 3 years

A delegation led by Tural Piriyev, the Executive Director of the Deposit Insurance Fund (ADIF), attended the annual general meeting and international conference of the European Forum of Deposit Insurers (EFDI) in Greece.

At the annual meeting of the forum, the working groups of the member countries exchanged views on the financial sphere, listened to remarks, elected a new chairman of EFDI, discussed and approved the areas of activity covering 2022-2025, as well as the final budget and membership fees of 2022 and 2023.

The event continued with the EFDI International Conference on "Problems and new challenges in the Deposit Insurance System". The conference discussed the most topical issues in the international financial system - Central Bank's financial digitalization, cryptocurrencies, social and corporate governance investment strategy, and the impact of global climate change on the Deposit Insurance System. The panellists drew attention to the topics such as financial innovation, cyber security, and data protection and views were exchanged about the topics at the conference.

During the conference, the ADIF delegation held bilateral meetings with the officials from leading countries such as the Netherlands, South Korea, Austria, and Norway to discuss the transition to a risk-based insurance mechanism, preventive measures against insurance losses, as well as strengthening international relations in other areas, and discussed current trends and challenges and established new relations.