PIDM and IDIC strengthen cross border-ties with new MoU

Continues strong relationship forged in 2018

Kuala Lumpur, 13 July 2023: Perbadanan Insurans Deposit Malaysia (PIDM) and Indonesia Deposit Insurance Corporation (IDIC) recently signed a memorandum of understanding (MoU), further enhancing the ongoing collaboration between the two agencies.
The latest agreement builds upon the previous MoU signed in 2018 and emphasises the commitment of PIDM and IDIC to fostering meaningful cooperation to protect financial consumers and as resolution authorities in their respective countries.
“Our continued commitment through this MoU sets the stage for an even stronger partnership. By mutually exchanging best practices and insights, PIDM and IDIC are well-positioned to navigate emerging challenges and promote the resilience of our respective financial sectors, ultimately benefiting financial consumers,” said Rafiz Azuan Abdullah, Chief Executive Officer of PIDM.
“As we envision the future, we are enthusiastic about progressing our collaborative endeavours and strengthening our partnership. I am delighted for the signing of a MoU between IDIC and PIDM. This MoU will cement our dedication to cooperation and establish a framework for expanded collaboration in areas of shared interest,” added Purbaya Yudhi Sadewa, Chairman of IDIC.
The PIDM-IDIC MoU signing ceremony took place in Kuala Lumpur.
PIDM and IDIC remain dedicated to maintaining strong cross-border ties, ensuring the continued stability and resilience of their financial systems.

Issued by:
Corporate Communication Department,
Perbadanan Insurans Deposit Malaysia.
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