Also, despite moves in deposit insurance toward harmonization, notably via the Deposit Insurance Directive, there are glaring differences across countries regarding the definition of deposits, co-insurance, risk-based premia, and funding. This situation creates perverse incentives, uncertainty, and regulatory arbitrage opportunities. Since the crisis, however, change seems to be faster.
Planning for the future, although time-consuming, is vital to ensuring that our work will bring ongoing benefits not only for our organization, but for the country as a whole.