https://www.taxtmi.com/news?id=27799 Deposit insurance must adapt to digitalisation, fintech innovations and rising deposit volumes by reassessing coverage adequacy, ensuring sustainable ex ante funding, and considering risk-based premiums to align pricing with bank risk. Policy choices on coverage of digital deposit like products-direct, excluded or indirect via custodial accounts-must be evaluated against the deposit insurer's core objective. Operational priorities include timely payout mechanisms, streamlined claims processing, public communication to reduce run risk, resolution support for mergers under least cost principles, and integration of climate-related risk assessment. en-us Tue, 20 Aug 2024 10:11:03 +0530 Tue, 20 Aug 2024 10:11:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27799 Deposit insurance must adapt to digitalisation, fintech innovations and rising deposit volumes by reassessing coverage adequacy, ensuring sustainable ex ante funding, and considering risk-based premiums to align pricing with bank risk. Policy choices on coverage of digital deposit like products-direct, excluded or indirect via custodial accounts-must be evaluated against the deposit insurer's core objective. Operational priorities include timely payout mechanisms, streamlined claims processing, public communication to reduce run risk, resolution support for mergers under least cost principles, and integration of climate-related risk assessment. News - Tue, 20 Aug 2024 10:11:03 +0530 https://www.taxtmi.com/news?id=27799