We make the case that the responsibility for appointing board members in Deposit Guarantee Schemes (DGS) for commercial banks should be entrusted to the industry. In doing so, we challenge the position adopted by the International Monetary Fund, which has proposed public DGSs as the best practice. We lay out the comparative advantages of private over public DGS administration, and contend that the role of the government should in principle be limited to regulating DGSs specifically and financial markets in general. We conclude that the current worldwide trend towards greater involvement of government in financial regulation should not be extended to the administration of DGSs.

我们认为，在商业银行存款担保计划（DGS）中任命董事会成员的责任应该委托给行业。在这样做的过程中，我们挑战了国际货币基金组织所采取的立场，该组织提出公共 DGS 作为最佳实践。我们阐述了私人 DGS 管理相对于公共 DGS 管理的比较优势，并认为政府的作用原则上应仅限于专门监管 DGS 和整个金融市场。我们得出的结论是，当前世界范围内政府更多地参与金融监管的趋势不应扩展到 DGS 的管理。