{
  "title": "Republic of Belarus: Financial Sector Assessment Program: Technical Note: Deposit Insurance",
  "publication": "IMF Staff Country Reports, May 18, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-belarus-financial-sector-assessment-program-technical-note-deposit-insurance-19250",
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  "summary": "This technical note on deposit insurance on the Republic of Belarus explains the status of the deposit insurance system. The current system of deposit insurance is governed by two different pieces of legislation, each in turn elaborated by a separate National Bank of Belarus (NBB) resolution.",
  "publishDate": "2006-05-18",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview and purpose",
      "content": "- Explains the status of the deposit insurance system in the Republic of Belarus.\n- Notes that the current system of deposit insurance is governed by two different pieces of legislation, each elaborated by a separate National Bank of Belarus (NBB) resolution.\n- Highlights that reforming a deposit insurance scheme raises the issue of how to achieve a nondisruptive transition.\n- States that, independently of whether Belarus chooses a step approach or provides coverage while it reforms its banking system, it will be essential to address the current liquidity shortage."
    },
    {
      "heading": "Key findings",
      "content": "- The deposit insurance framework is fragmented: two different pieces of legislation govern deposit insurance, each further detailed by a separate NBB resolution.\n- Reform raises transition risks and the need to design measures that avoid disruption to financial stability.\n- A central policy priority is addressing the current liquidity shortage in the banking system, irrespective of the chosen reform path (step approach versus coverage during reform)."
    },
    {
      "heading": "Policy considerations and scenarios",
      "content": "- Step approach scenario:\n  - Implement reforms in stages to limit disruption while strengthening regulatory, supervisory, and resolution frameworks.\n- Coverage-while-reforming scenario:\n  - Provide deposit coverage during banking system reform to preserve depositor confidence, while managing moral hazard and fiscal exposure.\n- Across scenarios:\n  - Essential to resolve the current liquidity shortage as a prerequisite for effective reform implementation."
    },
    {
      "heading": "Subject classification and keywords",
      "content": "- Subject: Bank deposits; Banking; Commercial banks; Deposit insurance; Financial crises; Financial institutions; Financial services; State-owned banks\n- Keywords: a number of insolvent bank; bank; Bank deposits; bank fragility; Commercial banks; CR; deposit; Deposit insurance; deposit insurance system; discipline bank; household deposit; insurance; insurance scheme; ISCR; member bank; State-owned banks\n\n---\n\n Content in this bundle\n\n- cr06179\n  - cr06179 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr06179 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-belarus-financial-sector-assessment-program-technical-note-deposit-insurance-19250"
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    "Published: May 18, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451805239.002",
    "Explains the status of the deposit insurance system in the Republic of Belarus.",
    "Notes that the current system of deposit insurance is governed by two different pieces of legislation, each elaborated by a separate National Bank of Belarus (NBB) resolution.",
    "Highlights that reforming a deposit insurance scheme raises the issue of how to achieve a nondisruptive transition.",
    "States that, independently of whether Belarus chooses a step approach or provides coverage while it reforms its banking system, it will be essential to address the current liquidity shortage.",
    "The deposit insurance framework is fragmented: two different pieces of legislation govern deposit insurance, each further detailed by a separate NBB resolution.",
    "Reform raises transition risks and the need to design measures that avoid disruption to financial stability.",
    "A central policy priority is addressing the current liquidity shortage in the banking system, irrespective of the chosen reform path (step approach versus coverage during reform).",
    "Step approach scenario:",
    "Coverage-while-reforming scenario:",
    "Across scenarios:",
    "Subject: Bank deposits; Banking; Commercial banks; Deposit insurance; Financial crises; Financial institutions; Financial services; State-owned banks",
    "Keywords: a number of insolvent bank; bank; Bank deposits; bank fragility; Commercial banks; CR; deposit; Deposit insurance; deposit insurance system; discipline bank; household deposit; insurance; insurance scheme; ISCR; member bank; State-owned banks",
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