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4 1 G7 1. / / ( masanori-ishizuka@dic.go.jp) 1

5 1. 2 G 5 / = X X BOX IMF EU Premium Contribution 3 5 G. Garcia Deposit Insurance: A Survey of Actual and Best Practices, IMF Working Paper, April 1999, 4 p24 Risk-based Premium Differential Premium 2

6 ID EL PD LGD 5 LGD forbearance forbearance ID LGD PDLGD LGD / G7 / / 3

7 4 / 1 15 EU 1994

8 5 1 and/or 2 and/or

9 FDIC 1991 EU 1994 EU 10 6

10 CAMELS 12

11 13 Private Banks Cooperative Banks Saving Banks 0.1% 3 CAMELS False Signal / / / / VaR / / False Signal

12 14 CAMELS CAMELS CAMELS bp 27bp bp 9

13 10 1bp bp 14bp 24816bp bp % 8bp 16 17

14 11 5 2

15 12 FDIC MOF II

16 9% 1 Tier1 6% 2 6% 3 65% 1 65% 70% 1.5 / 70% 75% 2 75% 85% % 0% 3 10 Tier 1 30% 1 30% 60% 2 60% 3 1 /Tier 1 100% % 200% 2 20% 200% 3 100% 4 / + 60% 2 40% 1 40% 0 80% 4 100% 2 / 120% 1 3 / / 120% % 4 75% 2 70% 1 70% 0 80% 4 60% 2 50% 1 50% 0 3 = 5 = X 40% 18 X 10% 5 = X 60% X 20% 13

17 2002 IMES Discussion Paper Series A. Demirguc-Kunt Designing a Bank Safety Net: A Long term Perspective, World Bank IBRD, 1999 & E. Kane Deposit Insurance around the Globe: Where Does It Work? IBRD, September 1999 T. Sobaci Deposit Insurance around the World: A Data Base, IBRD, May 2000 Basel Committee for Bank Supervision BCBS, Core Principles for Effective Banking Supervision, September 1997 Deposit Protection Schemes in the Member Countries of the Basle Committee, June 1998 The New Basel Capital Accord Basel II, April 2003 European Union Directive 94/19/EC on Deposit-Guarantee Schemes, May 1994 Financial Stability Forum FSF Guidance for Developing Effective Deposit Insurance Systems, September 2001 G. Garcia Deposit Insurance: A Survey of Actual and Best Practices, IMF Working Paper, April 1999 Deposit Insurance and Crisis Management, IMF, March 2000 International Association of Deposit Insurers IADI Research & Guidance Committee: General Guidance for Differential Premium Systems Draft September 2003 J. Barth, G. Caprio & R. Levine Banking Regulation and Supervision: What Works Best? BIS, January 2002 L. Laeven Pricing of Deposit Insurance, IBRD, July 2002 N. Ketcha Deposit Insurance System Design and Consideration, BIS Policy Paper No.7, November 1999 R. Sahajwala & P. Van den Berge Supervisory Risk Assessment and Early Warning Systems, BCBS Working Paper, December 2000 R.Vaez-Zadeh, D.Xie & E. Zoli A Market-Oriented Deposit Insurance Scheme, IMF Working Paper, December 2002 A. Blinder & R. Wscott Reform of Deposit Insurance: A report to the FDIC, FDIC, March 2001 A. Greenspan Testimony on Deposit Insurance, BIS Central Bank Articles and Speeches, February 2003 Federal Deposit Insurance Corporation FDIC FDIC Law, Regulations, Related Acts Keeping the Promise: Recommendations for Deposit Insurance Reform, April 2001 Options Paper, August 2000 Response to IADI Survey, January 2003 Response of FDIC to IADI R&G Subcommittee, May 2003 G. Hanc Deposit Insurance Reform: State of the Debate, FDIC Banking Review, 1999 J. Marino & R. Bennett The Consequences of National Depositor Preference, FDIC Banking Review,

18 L. Shibit Should Bank Liability Structure Influence Deposit Insurance Pricing? FDIC Working Paper, January 2002 R. Bennett Evaluating the Adequacy of the Deposit Insurance Fund, FDIC Working Paper, December 2001 R. Oshinsky Effects of Bank Consolidation on the Bank Insurance Fund, FDIC Working Paper, 1999 T. Curry, P. Elmer & G. Fissel Using Market Information to Help Identify Distresses Institutions, FDIC Banking Review, 2003 Canada Deposit Insurance Corporation CDIC Canada Deposit Insurance Corporation Act Canada Deposit Insurance Corporation Differential Premiums By-law, May 2002 Response to IADI Survey, January 2003 Response of CDIC to IADI R&G Subcommittee, May 2003 Association of German Banks BDB The Deposit Protection Fund of the German Private Commercial Banks, October 2002 By-Laws, October 2003 Deutsche Bundesbank Deposit protection and investor compensation in Germany, Monthly Report, July 2000 T. Beck Deposit Insurance as Private Club: Is Germany a Model? IBRD, February 2001 Fonds de Garantie des Dépôts FGD Regulations 99-05,99-06, Internal Regulations Monetary and Financial Code Fondo Interbancario di Tutela dei Depositi FITD Annual Report 2002 Statutes and By-laws, April 2001 Response to IADI Survey, January 2003 Deposit Guarantee Board DGB The Act1995 Response to IADI Survey, January 2003 Financial Services and the Treasury Bureau Deposit Protection Scheme Bill, April 2003 Hong Kong Monetary Authority Introducing Deposit Insurance in Hong Kong, Consultation Paper, March 2002 Central Deposit Insurance Corporation CDIC Annual Report 1999, 2000, 2001 Deposit Insurance Act Response of CDIC to IADI R&G Subcommittee, May 2003 Response to IADI Survey, May

19 Monetary Authority of Singapore Deposit Insurance Scheme, Consultation Paper, August 2002 Saving Deposit Insurance Fund SDIF Response of SDIF to IADI R&G Subcommittee, May 2003 Response to IADI Survey, June 2003 Seguro de Depositos S.A. SEDESA Response of SEDESA to IADI R&G Subcommittee Annual Report,

20 1 9 1 ( hisanori-kataoka@dic.go.jp) 17

21 FDICCDIC FDIC FDIC 5, , /6 FDIC S&L OCC FRB FSLIC FDICOTS 1989 S&L FDIC FSLIC FDIC S&L 2 2 FSLIC FDIC BIF S&L SAIF FSLIC FSLIC 3 FDIC FRF FDIC 18

22 FDIC FRS FDIC 1980 S&L FRS 1991 S&L FDICIA FDIC FDIC S&L FDIC , JP Morgan CITICORP 11% Lynn Shibut Should Bank Liability Structure Influence Deposit Insurance Pricing? FDIC Working Paper January 2002 James A. Mariano and Rosalind L. Bennett, The Consequences of National Depositor Preference, FDIC Banking Review Vol.12, No p FDICIA 5 NCUA FDIC The Financial Institution Employee s 0.23% Guide to Deposit Insurance, FDIC estimated insured deposits FDIC FDIC 19

23 , S&L FSLIC RTC> , S&L FIRREA FSLIC FDIC S&L SAIF S&L 1996 RTC FDICIA 1990 S&L FDIC 41 S&L FDIC FDIC FDIC S&L FSLIC S&L ,600 1, % % FDIC Statistics At A Glance, Jun FDIC Annual Report p18 FDIC FDIC Managing the Crisis The FDIC and 1991 FDICIA RTC Experience , Aug. 1998p98 20

24 90 FDIC 1993 FDICIA / FDIC FDICIA FDIC BIF %

25 22 FDIC

26 16 A B C 33 CAMELS A CAMELS A 0% 2A 1B 0.03% 3A 2B 0.10% 1C 0.17% 18 3B 2C 0.24% 3C 0.27% 6 1 Tier 1 Tier1/ 10 5 CAMELS 16 FDIC Options Paper, Aug. 2000, p11 17 CAMELS A C CAMELS FDIC 20 FDIC Financial Institution Letters Determination of Assessment Risk Classifications, Nov

27 BIF %0.27% BIF 91.7%SAIF 90.6%1A FDIC FDIC 1991 FDICIA 22 1A 23FDIC BIF 24 SAIF A 0.23%3C 0.31% FDIC BIF 1995 Call FDIC Report CAMELS FDIC FDIC Act Section 7c3 FDIC 1996 BIF 23 FDIC Financial Institution Letters 1A 0%3C 0.27% Determination of Assessment Risk Classifications, Nov SAIF FDIC Keeping the Promise: Recommendations Deposit Insurance Fund Act for Deposit Insurance Reform, Apr.2001,p4 FDIC % FDIC Act Section 7b 2 iii v FDIC A FDIC CAMELS 24

28 FDIC 28BIFSAIF CAMELS 29 Call Report FDICIA 1993 FDIC 1A 3C 8bp 1A 26 / BIFSAIF 27bp FDIC 90 FDIC 2,000 FDIC FDICIA CAMELS SCOR CAMELS 28 FDIC Options Paper, Aug. 2000, p20 FDIC 26 CAMELS Lynn Shibut "Should Bank Liability Structure 4 5 Influence Deposit Insurance Pricing?" FDIC Working Paper, January George Hanc, Deposit Insurance Reform: State of the Debate, % 1 FDIC Banking Review, December % 27 FDIC Act Section7c 4 29 FDIC Act Section 7b1D 25

29 1996 A 0% 2001 FDIC FDIC BIF SAIF A CAMELS A 0.01% 3C 0.40% % FDIC FDIC Keeping the Promise: Recommendations for deposit Insurance Reform, Apr. 2001, p10 31 FDIC CAMELS 26

30 CAMELS 4 6 FDIC FDIC FDIC 100 FDIC CAMELS 5 Tier1 2% CAMELS 5 Tier1 2% CAMELS 4 Tier S&L 2% FDIC CAMELS 4 Tier1 forbearance FDIC 2% FDIC 1987 FDICIA 32 FDIC CAMELS BIS 10% Tier1 6% Tier1 5% FDIC FDIC Strengthening Financial Risk Management at the FDIC, July 2003, p11 32 FDIC Act Section 38 and 39 27

31 33 FDIC 34 FDIC FDICIA FDIC FDIC, A Brief History of Deposit Insurance in the United States, FDIC, 1998, p56 34 James A. Mariano and Rosalind L. Bennett, The Consequences of National Depositor Preference, FDIC Banking Review 1999 Vol.12, No.2 35 FDIC Act Section Federal Financing Bank 1973 US Postal Service FDIC FRB FRB LLR FDIC 28

32 41 FDICIA FDIC FDIC FDIC FRB 2/3 42 FDIC FDIC BIF SAIF> FDIC 39 GAO FDIC forbearance GAO BIF 1.25% 66 8 FRB LLR Frederic S. Mishkin, The Economics of Money, Banking and Financial Markets, 7 th Edition, Addison-Wesley, 2004, p FDIC Act Section 13c4 41 Lynn Shibut "Should Bank Liability Structure 39 FDIC Act Section 13c4Gii Influence Deposit Insurance Pricing?" FDIC FDIC Working Paper, January 2002, p45 42 FDIC Act Section 7b1B 43 FDIC FDIC Lynn Shibut "Should Bank Liability Structure Influence Deposit Insurance Pricing?" FDIC George Hanc, Deposit Insurance Reform: State of Working Paper, January 2002, p45 the Debate, FDIC Banking Review, December 40 FDIC Act Section 13c4G 1999, p17 29

33 FDIC FDIC FRB S&L CAMELS % 54% 44 1A 90 FDIC 10 JP Morgan Chase Bank One

34 Financial Practices, 1992 CDIC 45 CDIC 1967 CDIC CDIC CDIC CDIC CDIC CDIC OSFI <FCAC>CDIC CDIC FISC 49 SAC CDIC 1992 OSFI CDIC Strategic OSFI> Alliance Agreement 47 CDIC Act, Section 7 48 preparatory CDIC Virtual Organization VO exam Standards of Sound Business and 49 OSFI CDIC CDIC p OSFI CDIC 31

35 OSFI 34 OSFI CDIC CDIC 1996 CDIC CDIC 1980 CDIC /10 CDIC Opt-out 1987 OSFI CDIC CDIC 1997 CDIC CDIC 4-3 3, CDIC CDIC CDIC 1980 FDIC 32

36 FDIC % CDIC FDIC CDIC 53 CDIC Fund Accumulated Surplus 33

37 CDIC 54 CDIC Act, Section Section

38 % % % % 56 FDIC CDIC 86 FDIC9,267 CAMELS CDIC 14 CDIC CDIC 5, % 57 5, CDIC CDIC Act Section CDIC Act Section 211 CDIC Differential Premiums By-law Section 41 35

39 59 59 CDIC Act CDIC Differential Premiums By-Law 36

40 CDIC OSFI 60 78OSFI CDIC CDIC 2 14 CDIC FDIC CDIC % CDIC CDIC CDIC CDIC CDIC CDIC Differential Premiums By-Law Section 12 CDIC Act Section

41 63 CDIC FDIC FDIC CDIC 4 Moody ss&p Moody s KMV CDIC CDIC CDIC CDIC watch-list members 64 CDIC CDIC CDIC KMV 62 CDIC Annual Report 1999/2000 p18 65 RAP 38

42 CDIC CDIC 67 Premium Surcharge CDIC OSFI CDIC P&A CDIC CDIC CDIC CDIC 68 OSFI 5 Guide to Intervention CAMELS P&A 0 P&A 4 OSFI 5 CAMELS CDIC CDIC CDIC OSFI FCAC CDIC CDIC CDIC 67 CDIC Act Section 45.1 Financial Administration Act Section CDIC Act, Section p

43 CDIC CDIC OSFI CDIC FDICCDIC CDIC FDIC 40

44 1-2 41

45 FDIC Act A Brief History of Deposit Insurance in the United States, 1998 Annual Report 2002 The Financial Institution Employee s Guide to Deposit Insurance, 1999 Financial Institution Letters Determination of Assessment Risk Classifications, Nov Keeping the Promise: Recommendations for Deposit Insurance Reform, Apr.2001 Managing the Crisis The FDIC and RTC Experience , Aug Options Paper, Aug Statistics At A Glance, Jun Strengthening Financial Risk Management at the FDIC, July 2003 Web Site Frederic S. Mishkin, The Economics of Money, Banking and Financial Markets, 7 th Edition, Addison-Wesley, 2004 George Hanc, Deposit Insurance Reform: State of the Debate, FDIC Banking Review, December 1999 James A. Mariano and Rosalind L. Bennett, The Consequences of National Depositor Preference, FDIC Banking Review, 1999, Vol.12, No.2 Lynn Shibut Should Bank Liability Structure Influence Deposit Insurance Pricing? FDIC Working Paper, January CDIC Act Differential Premiums By-Law Annual Report 1999/2000, 2003 Web Site Financial Administration Act 42

46 FDICCDIC FDIC CDIC FDIC Section 7 a [ ] b Assessments Risk-based Assessment System A The Board of Directors insured depository institutions B Private Reinsurance FDIC thecorporation i FDIC 10 ii ( ) C semiannual assessment (i) probability I categories concentrations II III FDIC factors ii the likely amount iii D BIF SAIF A designated reserve ratio i I II 3 ii i 43

47 I II III IV iii v I II iv i 1.25 ii v Section38 moderately severe unsatisfactory not well capitalized i iii B i ii C FDIC D [ ] E FDIC Section 14 (i) Section 7(b) (ii) (iii) SAIF BIF F SAIF SAIF FDICIA Section302(a) (i) (A)(i)(II) (ii) E Section 7(b) 44

48 G FDIC (1) +10BP H Bank Enterprise Act [ ] A F SAIF A (iv) (i) 1 (ii) B FDIC B A (ii) FDIC 15 C FDIC B SAIF D SAIF SAIF FDIC certified statement 5 FDIC emergency special assessments FDIC A i ii FDIC BIF iii FDIC B BIF SAIF [ ] c A FDIC FDIC B (Certification) 45

49 i ii president A b FDIC B A penalty A, i ii B A, C A (B) 1,000,000 1 D Section 8(i)(2) E (F)(G)(I)( ) E 20 Section 8(h) (d) [ ] (e) (Refunds) FDIC A B 46

50 A B C 1996 (i) BIF (ii) (B) C (b)(2)(a)(v)( ) [ ] FDIC Part 327 (Assessments) (Annual assessment rate) a assessment risk classification subgroup assignment i well capitalized Tier1 Tier1 ii adequately capitalized Tier1 Tier1 iii undercapitalized 47

51 primary federal regulator FDIC FDIC ia ii B iii C b c FDIC A d FDIC FDIC e f FDIC g [ ] (Annual assessment rate) (a) (c) (1) (i) (ii) (2) ( ) (i) (ii) (iii) (a)(1)(i) 162/3 48

52 A (b)(2) B (iv) (a)(1)(ii) 1% (A) (b)(2) B v FDIC Act Section 11(a)(8) (b) FDIC (c) FDIC [ ] 49

53 CDIC Section 10.1 (1) CDIC CDIC Consolidated Revenue Fund CDIC (2) CDIC (3) CDIC (a) 60 (b) (a) (4) CDIC CDIC Section [ ] Section 20 CDIC CDIC Section 21 (1) CDIC (a) (by-laws) (b) (2) (a) (b) (c) (3) 50

54 (4) Section (a) 5,000 (b) CDIC /3 <Governor in Council> (5) CDIC CDIC Section 22 (1) CDIC (2) Section 23 (1) 365 (a) CDIC (b) (i) 5,000 (ii) CDIC 1/3 <Governor in Council> (2) 22(2) (a) 60 (b) Section 24 Section CDIC Section24.1 CDIC CDIC Section25 Section21-23 CDIC 161(1) +2 Section 25.1 (1) Section21-25 CDIC (a) OSFI (b) 51

55 (2) (1) CDIC /6% (3)Section21-25 Section Section [ ] Section 31 1 Section 30(1) CDIC CDIC CDIC (a) (b) 30 (2) CDIC (3) CDIC CDIC 60 (a) CDIC (b) (4) 30(1) CDIC 30 (5) CDIC 60 CDIC 5.1 CDIC (6) 31(1) (4) CDIC CDIC Section 31.1 (1) 31(1) CDIC 5 52

56 (a) 31(1) (b) (2) CDIC (3) 2 CDIC (4) CDIC (5) (6) 31(1) Section 32 [ ] Section 33(1) CDIC (a) CDIC (b) (2) CDIC CDIC Section 34 (1) CDIC 2 2 (2) (a) (b) 53

57 (3) (4) CDIC Section [ ] Section 45.2 ( ) CDIC CDIC Section [ ] Section 49 (a) (b) CDIC Section 50 (a) Section (b) Section 50.1 (a) (b) 50 Section 51 54

58 Section 52 (1) ( ) (2) CDIC Section 53 Section 54 [ ] CDIC Section 1-2 Section 3 CDIC Act Section23(1)(a) (a) 5,000 (b) ABC A 1/3% (Governor in Council)CDIC Act Section 23(1)(b)(ii) 1/3% B Section23(1)(b)(ii) ( ) C 1 (12.5%) Section 4 (1) CDIC 21(1)(a) (a) 5,000 (b) (2) ABC A 1/3% (Governor in Council)CDIC Act Section 21(4)(b) 1/3% B Section21(4)(b) ( ) C (2) Section 6 (1)(b) (D E365 )+ F G365 D 4 (1)(b) 55

59 E (5 1 ) 7(1)(b) 15(1) 16 CDIC F (1)(b) G 7(1)(b) 15(1) 16 CDIC 4 30 Section 5 CDIC 7 15 (a) (b) Section 7 8 Section 6 (1) CDIC Section (a) Section12(1)(a) (b) Section12(1)(b) Section7(1)(b) 15(1)(a)-(e) Section16 (2) CDIC Section 7 8 Section 7 (1) CDIC 1 (a) 24 (b) 4 30 CDIC (a) (2) (1) (a) (b) (3) Section 8 7 Section9-11 Section 9 Section 10 11(1) CDIC Section (2)(b) 1 11(4)12(2) CDIC (a) 56

60 (b) Section 11(1) CDIC (2) (3) (2) (1) (a) Section (b) (i) Section (ii) Section (3) (1) (a) Section 28 (2) (b) Section 29 (c) Section 30 (4) Section 10 Section Section Section 12 (1) Section (a) Section 15(4)(a) 16(2)(a) 7 1 (b) 4 30 (7)(1)(b) 15(1)(a) (e) Section 13 [ ] Section 14(1) CDIC 7 15 (2) CDIC [ ] 57

61 CDIC Section 1-18 [ ] ( ) Section 19 CDIC Section 20 CDIC CDIC [ ] 58

62 FAX HP Deposit Insurance Corporation of Japan 2004 Printed in Japan (1) (2) (1)(2) ( )

1 2 1

1 2 1 2005 3 1 24 48 54 66 http://www.dic.go.jp/) 1 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 3 20 21 22 23 1 46 1971 7 1 100 61 1,000 13 16 17 3 10.4 2 15 3.5 5.3 1.8 8.6 1 E-mail: nobusuke-tamaki@dic.go.jp)

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