Berlin:A delegation from the Azerbaijan Deposit Insurance Fund (ADIF), led by Executive Director Tural Piriyev, attended the 25th Annual General Meeting of the International Association of Deposit Insurers (IADI) in Berlin, Germany, from October 26 to 30, 2026. The event focused on crucial topics such as enhancing the institutional resilience of deposit insurance systems and improving bank resolution mechanisms.
According to Azeri-Press news agency, the delegation also included Akshin Jahangirov, Deputy Executive Director, and Jalal Rayi, Director of the Insurance and Risk Management Department. Discussions at the meeting covered a wide range of issues, including the optimization of organizational governance tools and the enhancement of operational flexibility amid digital transformation.
During the visit, the delegation held bilateral meetings with deposit insurance authorities from several countries, including Spain, Hungary, Italy, Mongolia, Japan, Indonesia, Malaysia, and Nigeria. These meetings facilitated the exchange of expertise on risk-based insurance premiums, stress-testing models, and the legal regulation of bank liquidation processes.
Additionally, Akshin Jahangirov was elected Vice Director of IADI’s Reimbursement Technical Committee, a role that is expected to enhance the Fund’s participation in global methodological developments. Prospects for signing memorandums of understanding with Indonesia, Malaysia, and Nigeria were also discussed to foster effective partnerships.
The involvement of the Azerbaijan Deposit Insurance Fund in this international platform underscores its commitment to integrating international standards and improving mechanisms to protect depositors’ rights.