CDIC to Discuss Deposit Protection at Annual Meeting
- The Annual Public Meeting will take place on November 6, 2024, from 2:00 to 3:00 p.m. ET.
- Leah Anderson and Robert Sanderson will discuss CDIC's efforts in depositor protection and financial stability.
- This meeting highlights CDIC’s ongoing commitment to safeguard depositors’ funds and enhance trust in the financial system.
The Canada Deposit Insurance Corporation (CDIC) is preparing to hold its Annual Public Meeting on November 6, 2024, from 2:00 to 3:00 p.m. Eastern Time via a live bilingual webcast. The meeting will feature discussions led by President and CEO Leah Anderson, Chair of the Board of Directors Robert Sanderson, and senior management members, focusing on CDIC's commitment to protecting depositors and maintaining financial stability. This is the first such public meeting since the agency’s inception in 1967, which underlines its importance in the Canadian financial landscape. Throughout its history, CDIC has successfully resolved 43 member failures, ensuring that no depositors lost money under its protection, illustrating its role as a vital resolution authority for banks, credit unions, and other financial institutions in Canada. The theme of the meeting emphasizes the importance of depositor trust and confidence, along with the necessity for resolution readiness and organizational strength in a changing economic environment.