{"id":165597,"date":"2025-06-04T12:57:24","date_gmt":"2025-06-04T11:57:24","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/ndic-calls-for-inputs-to-iadi-core-principles-review"},"modified":"2025-06-04T13:59:38","modified_gmt":"2025-06-04T12:59:38","slug":"ndic-calls-for-inputs-to-iadi-core-principles-review","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/ndic-calls-for-inputs-to-iadi-core-principles-review","title":{"rendered":"NDIC calls for inputs to IADI core principles review"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Nigeria Deposit Insurance Corporation, NDIC, has tasked financial services industry stakeholders in the country, policymakers and the general public to give their feedback on the ongoing revision of the International Association of Deposit Insurers, IADI, Core Principles for Effective Deposit Insurance System.<\/p>\n<p>The NDIC, in a statement signed by its Head of Communication &amp; Public Affairs, Hawwau Gambo, said the proposed revision by IADI is a significant step towards enhancing the resilience and relevance of deposit insurance frameworks in the face of an evolving global financial landscape.<\/p>\n<p>It said the revision will comprehensively address structural changes, including digital innovation, the growing role of deposit insurers in resolution, and lessons learned from the banking turmoil in March 2023.<\/p>\n<p>The NDIC noted that the banking turmoil of 2023 was the most significant systemic stress event since the 2007-09 global financial crisis, hence the review.<\/p>\n<p>The statement read, \u2018\u2018The IADI Core Principles are used by jurisdictions, including Nigeria, as a benchmark for assessing the quality of their deposit insurance systems and for identifying gaps in their deposit insurance practices and measures to address them.<\/p>\n<p>\u2018\u2018The Core Principles are also used by the International Monetary Fund, IMF, and the World Bank in the context of the Financial Sector Assessment Programme, FSAP, to assess the effectiveness of jurisdictions\u2019 deposit insurance systems and practices.<\/p>\n<p>\u2018\u2018The first set of the Core Principles was issued jointly by the IADI and the Basel Committee on Banking Supervision, BCBS, in June 2009, while the document is subject to periodic revision to keep it up-to-date with evolving trends on the global financial system landscape.\u2019\u2019<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Nigeria Deposit Insurance Corporation, NDIC, has tasked financial services industry stakeholders in the country, policymakers and the general public to give their feedback on the ongoing revision of the International Association of Deposit Insurers, IADI, Core Principles for Effective Deposit Insurance System. The NDIC, in a statement signed by its Head [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":165596,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1423,254],"class_list":["post-165597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-ndic","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NDIC calls for inputs to IADI core principles review - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigeria Deposit Insurance Corporation, NDIC, has tasked financial services industry stakeholders in the country, pol ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/ndic-calls-for-inputs-to-iadi-core-principles-review\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NDIC calls for inputs to IADI core principles review\" \/>\n<meta property=\"og:description\" content=\"The Nigeria Deposit Insurance Corporation, NDIC, has tasked financial services industry stakeholders in the country, pol ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/ndic-calls-for-inputs-to-iadi-core-principles-review\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-04T11:57:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-04T12:59:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/06\/sm_1749029426.207737.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/ndic-calls-for-inputs-to-iadi-core-principles-review#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/ndic-calls-for-inputs-to-iadi-core-principles-review\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NDIC calls for inputs to IADI core principles review\",\"datePublished\":\"2025-06-04T11:57:24+00:00\",\"dateModified\":\"2025-06-04T12:59:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/ndic-calls-for-inputs-to-iadi-core-principles-review\"},\"wordCount\":282,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/ndic-calls-for-inputs-to-iadi-core-principles-review#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/06\/sm_1749029426.207737.jpg\",\"keywords\":[\"NDIC\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/ndic-calls-for-inputs-to-iadi-core-principles-review#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/ndic-calls-for-inputs-to-iadi-core-principles-review\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/ndic-calls-for-inputs-to-iadi-core-principles-review\",\"name\":\"NDIC calls for inputs to IADI core principles review - 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