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FDIC Banking Review

Table 12
Termination of Deposit Insurance
Deposit Insurer Does the deposit insurer have the authority to revoke deposit insurance in cases where an insured depository institution is operating in an unsafe or unsound manner? If yes, has this authority ever been used?
Advanced Economies
Austria (AAR) No  
Austria (AABB) No  
Belgium No  
Canada Yes Yes
France No  
Germany (EdB) No  
Germany (E) Yes No
Greece Yes No
Isle of Mana Yes  
Italy (IDPF) Yes Yes
Italy (DPFCB) Yes No
Japan No  
Netherlands No  
Portugal No  
Spain No  
Sweden No  
Taiwan Yes  
United Kingdom No No
   Subtotal 7 for Yes and 11 for No 2 for Yes and 4 for No
Developing Economies and Economies in Transition
Africa
  Nigeria Yes No
  Tanzania Yes No
  Uganda No  
Europe
  Czech Republic No  
  Hungary    
  Latvia No  
  Lithuania Yes No
  Poland No  
  Romania No  
  Slovak Republic No  
  Turkey No  
Middle East
  Bahrain No  
  Oman Yes No
Western Hemisphere
  Brazil No  
  El Salvador No  
  Jamaica No  
  Mexico No  
  Peru No  
  Trinidad and Tobago No  
   Subtotal 4 for Yes and 14 for No 0 for Yes and 4 for No
Total 11 for Yes and 25 for No 2 for Yes and 8 for No

Note: Classification of economies into "Advanced," "Developing," or "Economies in Transition" is from International Monetary Fund (2000). Deposit insurers without a Yes or No did not answer the question on the survey or did not provide an answer that was easily categorized as yes or no.

aBritish Crown Dependency.

AAR = Association of Austrian Raiffesenbanks

AABB = Association of Austrian Banks and Bankers

EdB = Entschadigungseinrichtung deutscher Banken

E = Einlagensicherungs

IDPF = Interbank Deposit Protection Fund

DPFCB = Deposit Protection Fund for Co-operative Banks

Last Updated 4/25/2003 Questions, Suggestions & Requests