Page 9 - 中央存保108年年報

assets of failed financial institutions resolved by the Executive Yuan's Financial Restructuring Fund (FRF), concluding such institutions' pending litigations, and sought civil damages for the illegal acts of such institutions' employees.
To promote international cooperation, CDIC officials hold a number of important posts at the International Association of Deposit Insurers (IADI). For example, CDIC officials serve on the Executive Council (EXCO) and chair both the Core Principles and Research Council Committee (CPRC) and the Asia-Pacific Regional Committee (APRC). They are principally responsible in these positions for promoting research on global deposit insurance systems and specific subjects, formulating international deposit insurance guidance, and strengthening international cooperation and exchange, as well as information sharing among IADI members in the Asia-Pacific region. In addition, the CDIC held a first-ever IADI APRC CEO Dialogue this year, and actively sought to enter into memorandums of understanding (MOUs) for cooperation with peer insurers around the world. As of year-end 2019, the CDIC had established formal cooperative relations with 24 international peer institutions.
Looking to the future, the CDIC will continue to replenish the Deposit Insurance Payout Special Reserves, actively control insured risks, improve market exit and resolution mechanisms for failed insured institutions, draft amendments to related deposit insurance laws and regulations, and actively raise public awareness levels of deposit insurance. Also, to be in line with the supervisory policies of the competent authority, the CDIC will implement new methods to ensure better management of liquidity at internet-only banks, and will continue to analyze banks' OTC derivatives and other lines of business. These measures are designed to enhance a more fully developed deposit insurance system, promote the sound operation of the financial sector, and protect the rights and interests of depositors.
Thanks to the long-term support and encouragement we've enjoyed from all sectors of society, as well as the diligence of our staff, the CDIC has been able to smoothly fulfill its responsibility. Thus, I would like to extend my sincere appreciation, and solicit your ongoing support and encouragement.
總經理 President
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中央存保一〇八年報
Message from the Chairman and President
2019 Annual Report