ABOUT US
Shaping the Future of Financial System Stability
Pioneering Excellence in Financial System Stability
ISDIS is a foremost international academy providing relevant training to individuals and organizations in financial services industry space, students in higher institutions of learning, pupils in post-primary institutions who require sound foundational knowledge for smart decisions on future careers and courses of study, as well as, the general public that rely on informed decisions to effectively and efficiently manage their lives.
With our reservoir of FSI expertise, we will deploy technology to meet the needs of institutions, students, and sovereigns through informed research, training, consultancy, and advisory services.
Vision
To be a leading global learning and development organization, providing capacity building, research, and advisory services on financial safety-net particularly deposit insurance schemes by 2030.
Mission
To deploy the best mix of technology, human and other resources to deliver quality training, research, and advisory services to a wide spectrum of target customers globally.
our core values
Guiding Principles for Excellence in Financial Safety-Net Education
Professionalism
Teamwork
Accountability
Integrity
Commitment
Evolution of Deposit Insurance Scheme
The concept of Deposit Insurance Scheme (DIS) started in Czechoslovakia (now Czech and Slovakia Republics) in 1924, however, modern DIS started with the establishment of the Federal Deposit Insurance Corporation (FDIC) in the United States of America in 1933. Deposit Insurance Scheme has, thereafter, developed in many countries all over the world. The International Association of Deposit Insurers (IADI) comprising several member countries was also formed in May 2002 to “enhance the effectiveness of deposit insurance systems by promoting guidance and international co-operation”.
In Africa, many countries have either set up a DIS or are about to establish one. Kenya was the first country to establish a DIS in 1985. The Nigeria Deposit Insurance Act of 1988 (repealed and re-enacted in 2006) established the Nigeria Deposit Insurance Corporation (NDIC) which commenced operations in March 1989. The practice of DIS is evolving globally and the banking industry being dynamic has continued to embrace technologies to drive new, complex, and sophisticated financial products. Amongst financial safety-net institutions, the knowledge and public awareness about deposit protection scheme and its critical role in financial system stability remain very poor globally. Also, all forms of instruction on it seems limited to what exists within the confines of respective agencies. Virtually all formal instructional settings outside a few agencies lack curricula on this critical component of the financial safety-net. The lender of last resort role of central banks and prudential regulation and supervision seems to enjoy far better recognition ostensibly due to their age and development trajectory.
It is against this backdrop that the promoters of ISDIS conceived and developed FSI-linked training and certification curricula to address the needs of individuals, corporates and sovereigns. The School will collaborate with standard setting organizations to enhance the practice of financial safety-nets and provide Research, Advisory and Consultancy Services.
Rationale for the International School of Deposit Insurance Studies (ISDIS)
Despite formal deposit insurance scheme being a century old, the knowledge of the scheme by an average individual on the street, particularly in ‘third world’ countries, is still very minimal. Research indicates that this is likely to be the same thing even in more advanced countries. Hence, the need for a training organisation to promote the unique knowledge of deposit protection to those interested in pursuing related careers or generally broadening their knowledge and financial system stability.
The training to be provided by ISDIS is therefore relevant to people that operate in the financial services industry space, particularly financial safety-net, students in higher institutions of learning pursuing degrees or diploma courses in Banking and Finance, Economics and related disciplines, pupils in post-primary institutions who require sound foundational knowledge for smart decisions on future careers and courses of study, as well as, the general public that rely on informed decisions to effectively and efficiently manage their lives. The mandate of ISDIS is unique and three-pronged: training, research, and advisory.