The Fund constantly focuses its international activity on the development and maintenance of close cooperation with deposit guarantee schemes all over the world and with other international entities, on the promotion of experience exchanges and identifying of the best practices in this sector.

Presently, deposit guarantee schemes are voluntarily organised in two professional associations: the European Forum of Deposit Insurers - EFDI and the International Association of Deposit Insurers - IADI. The FGDB joined both associations – the EFDI in 2003 and the IADI in 2005.


EFDI was created in 2002 as a de facto association, without legal personality. In 2007, in Brussels, it turned into a legal person as an international non-profit association governed by the Belgian law. Following this move, the EFDI became a major dialogue partner in the relations with the European Union and the other international organisms and institutions.

EFDI aims to contribute to the stability of financial systems by promoting European cooperation in the deposit guarantee sector and by facilitating talks and exchanges of experience and information on issues of mutual interest. At present, EFDI groups 56 members, 10 associates and 12 international bodies with observer status.

With Romania’s admission to the European Union, the FGDB became part of the EFDI EU Committee (EUC), which includes the deposit guarantee schemes of member states. The Committee’s main duties refer to the EFDI policy on European Union deposit guarantee legislation and its representation before the European Commission or any other institution with regard to the respective policy.

In 2009, the EFDI EU Committee initiated a general framework for cross-border cooperation, respectively the signing of a multilateral Memorandum of Understanding among all deposit guarantee schemes in the European Union as a basis for bilateral accords. Up to now, twenty schemes members of EFDI confirmed their subscription to the Multilateral Memorandum of Understanding, the FGDB being among them.

The IADI, founded in 2002, is an international non-profit organisation operating from its Basel headquarters under Swiss legislation. Its aim is to contribute to the stability of financial systems by promoting international cooperation in deposit protection, as well as stronger relations between deposit guarantee schemes worldwide and interested parties, including the other components of the networks that secure financial stability.

Through its committees, the IADI works out non-mandatory practical guidelines aimed at consolidating and boosting the efficiency of deposit guarantee schemes. In June 2009, the IADI and the Basel Committee on Banking Supervision (BCBS) issued a set of core principles for the effectiveness of deposit guarantee systems.

The main targets include higher efficiency of deposit guarantee schemes, adaptation to national specificity and a more thorough incorporation of the practical experience acquired in this sector. These core principles meet the need for an efficient general framework for deposit protection apt to contribute to maintaining public confidence in the financial-banking system. Moreover, they represent a benchmark in the creation or restructuring of deposit guarantee schemes.

In December 2009, a committee made up of representatives of the BCBS, the IADI, the EFDI, the International Monetary Fund, the World Bank and the European Commission began a collaborative effort to develop a Methodology to assess compliance with the Core Principles and the completed Methodology was approved by the IADI Executive Council in December 2010, as well as submitted to the Financial Stability Board (FSB) at the end of the year 2010.

The methodology can be used in multiple contexts: self-assessment performed by the deposit insurer; International Monetary Fund and World Bank assessments of the quality of deposit insurance systems, in the context of the Financial Sector Assessment Program (FSAP); reviews conducted by private third parties such as consulting firms; and peer reviews conducted, for example, within IADI regional committees.

In November 2014, IADI concluded the revision of its Core Principles for Effective Deposit Insurance Systems and the Compliance Assessment Methodology (initiated two years before), and has submitted them to the Financial Stability Board (FSB) for inclusion in the FSB’s Compendium of Key International Standards of Financial Stability.

The revision of Core Principles was made seeking to achieve the right balance between raising the bar for more effective deposit insurance systems and retaining the Core Principles as a flexible, internationally applicable standard.

As compared with the initial edition of Core Principles, the revised version also include the Compliance Assessment Methodology, for each principle being defined essential criteria used for making assessments that follow a five-grade scale: compliant, largely compliant, materially non-compliant, non-compliant, not applicable.

At present, the IADI includes 81 members, 7 associates and 13 international entities with partner status. The IADI member schemes are grouped in regional committees to reflect interests in different zones and the common issues of their members. The FGDB is a member of the IADI's European Regional Committee, which places special emphasis on the involvement of its members in establishing and implementing the IADI strategic orientations and in developing bilateral and multilateral cooperation within IADI and EFDI.