Compensatory Mechanism for Protection of Investor Depositors in the Banking System of the Russian Federation: Deposit Insurance Agency
Investors or depositors of financial institutions should be protected from the risk of bankruptcy and loss of invested capital. For this purpose, a certain compensation mechanism has been established in the bank deposit insurance system, which is implemented through the Deposit Insurance Agency (DIA). At the same time, the nature of the compensation mechanism is not, in fact, insurance. In this regard, a detailed analysis of the activities of DIA is required, and the key foundations of the compensation mechanism in the field of protection of investor depositors of financial organizations are identified. The analysis revealed that DIA is a multi-core, multi-structural, multi-functional organization, where the deposit insurance function is not a significant activity according to the financial criterion, therefore, the name of the organization does not fully reflect the content.