Kuala Lumpur, 11 November 2026: Malaysia will help shape global efforts to protect depositors in a fast-changing banking landscape following the election of Perbadanan Insurans Deposit Malaysia (PIDM) Chief Executive Officer Afiza Abdullah to the Executive Council of the International Association of Deposit Insurers (IADI).
Afiza was elected at IADI’s 25th Annual General Meeting and Annual Conference, held in Germany from 26 to 30 October. The council sets the strategic direction of IADI, the global standard-setter for deposit insurance systems, which brings together 110 deposit insurers worldwide.
The role gives PIDM an opportunity to contribute Malaysia’s experience to international policy discussions and bring home practical lessons to strengthen depositor protection and crisis preparedness.
“Protecting depositors means keeping pace with how the financial system is changing. International cooperation helps us learn from one another and turn that knowledge into stronger protection at home,” said Afiza Abdullah.
“I am honoured by the confidence placed in me by fellow IADI members. I look forward to sharing PIDM’s experience and learning from our peers as we strengthen depositor protection and financial stability in Malaysia.”
At the conference, Afiza also shared Malaysia’s perspectives in a panel discussion titled “What is a Deposit? The Insurable Claim and the Boundaries of the Financial Safety Net”. The discussion explored how digitalisation and financial innovation are reshaping deposit insurance and the boundaries of depositor protection.
IADI’s 2027 work priorities focus on supporting consistent implementation of the Core Principles for Effective Deposit Insurance Systems, strengthening the resilience of deposit insurance systems in the digital era and enhancing crisis preparedness. This is the first annual work programme under IADI’s Strategic Goals and Objectives 2026 – 2031.
These areas align with PIDM’s Corporate Plan 2026 – 2028, themed “From Readiness to Resilience”. Its focus on digital resilience supports the use of technology and data to improve efficiency and decision-making, while stronger crisis preparedness helps translate IADI’s Core Principles for Effective Deposit Insurance Systems into the capacity to act effectively when needed.
This work also supports PIDM’s preparations for Malaysia’s forthcoming Financial Sector Assessment Program (FSAP), conducted jointly by the International Monetary Fund and the World Bank. The FSAP provides an independent assessment of the financial system’s resilience and its capacity to manage crises; providing an opportunity to identify gaps and further strengthen Malaysia’s financial safety net arrangements that protects financial consumers.