The Deposit Protection Fund of Uganda (DPF) and the Federal Deposit Insurance Corporation (FDIC) sign a Cooperative Agreement – June 11, 2024

The Deposit Protection Fund of Uganda (DPF) and the Federal Deposit Insurance Corporation (FDIC) of the United States signed a Cooperative Agreement (CA) on June 11, 2024. The Cooperative Agreement is an endorsement of the already existing cordial relationship between the two institutions.

Dr. Julia Oyet while signing the Cooperative Agreement on behalf of the Deposit Protection Fund.

The CA was signed by Dr. Julia Clare Olima Oyet (Mrs.), the CEO of the Deposit Protection Fund of Uganda and Mr. Patrick Mitchell, the Director – Division of Insurance and Research at the Federal Deposit Insurance Corporation (FDIC). The ceremony took place on the side lines of the 79th IADI Executive Council Meeting in Rome, Italy from June 11 to 14, 2024. IADI is a global forum that brings together deposit insurers as well as other financial safety net participants and international financial institutions to promote best practices in the areas of depositor protection, bank resolution and financial sector stability.

The DPF and the FDIC will utilize this opportunity to forge effective international working relationships and to enhance each party’s role in financial regulatory initiatives and policy deliberations. The two entities will promote mutual understanding of their respective financial sectors to foster co-operation in the areas of banking and finance.