CODI has become operational this month, representing the result of extensive collaboration and effort among policymakers, lawmakers, regulatory authorities, industry bodies, and member banks. The support, input, and constructive criticism received over the past few years have been crucial in developing a deposit insurance scheme that demonstrates a shared commitment to strengthening the resilience of the financial sector.
Sabihah Mohamed, CEO of the Corporation for Deposit Insurance (CODI), expressed appreciation for the collective efforts involved in this initiative. She stated that CODI's launch marks an important milestone in fortifying the economic foundation.