That the issue of funding is so relevant to the credibility of the deposit insurance system is highlighted by the unprecedented decision this year by the Iceland Government to hold a referendum to approve or reject the terms of a state guarantee on the debts of the Depositors' and Investors' Guarantee Fund, in particular a loan from the governments of the United Kingdom and the Netherlands to cover deposit insurance obligations in those countries.
An Implementation Task Force has now taken over the job of steering the project. PCR – What are the gains? Though the HTF report has dwelt in detail on the basic questions like (a) why is a PCR necessary in India, followed by the closely linked question (b) what are the functions of the PCR, let me add my thoughts on the same.