While there were many reasons monetary policy encountered strong headwinds during that period, surely the legislative and regulatory reactions to the taxpayer funding of the thrift deposit insurance fund
and to the depleted nature of BIF compounded our problems.
The FDIC estimates that the cost of two bank failures to the Deposit Insurance Fund
will be USD89.5m.
Motorola had reached an agreement on 28 October 2005 to settle its financial and legal claims against Telsim and the Turkish Savings and Deposit Insurance Fund
(TMSF), under which it received cash payment of USD500m plus the right to receive 20% of the sale of Telsim's assets.
The Board recognizes the key role that bank capital plays in protecting the deposit insurance fund
from the market, credit, legal, and operational risks that banks assume and manage.
Movable and immovable property of Azerbaijani banks that are in process of liquidation - Bank Standard, Texnikabank, Zaminbank, Royalbank and Bank of Azerbaijan - have been put up for auction in 63 lots, the Azerbaijan Deposit Insurance Fund
(ADIF) said in a message on June 4.
Bulgaria's Bank Deposit Insurance Fund
has announced the names of the nine banks to be in charge of reimbursing deposits at Corporate Commercial Bank (Corpbank or KTB) from December 4.After KTB has been under conservatorship since June 20, depositors are still waiting for access to their savings.
The FDIC insures deposits for as much as USD250,000 a depositor, and it estimates that the cost of the bank failure to the Deposit Insurance Fund
will reach USD13.5m.
Increasingly, bank capital is seen primarily as providing a cushion for the deposit insurance fund
rather than a buffer for the economy.
As of April 4, Azerbaijan Deposit Insurance Fund
(ADIF) paid compensations worth 45.5 million manats (1.7 manats = $1 on April 4) to the depositors of Azerbaijan's DemirBank OJSC, the license of which was revoked in December 2017, the ADIF said in a message April 4.
The court will question representatives of KTB, the Bulgarian National Bank, Sofia City Prosecution and the Deposit Insurance Fund