OPENING SESSION - COPACABANA PALACE NOVEMBER 16, 2006 – Antonio Carlos Bueno de Camargo Silva Paying homage to Brazil, we will open this event in Portuguese. I would like to introduce myself: My name is Antônio Carlos Bueno, I am the Executive Director of the Brazilian “Fundo Garantidor de Créditos – FGC”; and I will preside over this Conference. First of all, I would like to thank the presence of you all, ladies and gentlemen, who have come here from different parts of the world, thus showing the significance of the world banking safety net, of which, the deposit insurers are an important component. I also would like to extend my best thanks to the IADI - International Association of Deposit Insurers, for their reliance in choosing the Brazilian Fundo Garantidor de Créditos to host IADI’s main event this year, the 5th Annual General Meeting & Conference. We sincerely hope that you may enjoy a happy and profitable participation in this event and may return to your respective countries feeling personally satisfied, not only due to the charms and hospitality of our Country, but especially enriched and gratified with the results of this conference. I would like to introduce to you, Dr. Gabriel Jorge Ferreira, one of most prominent persons in the Brazilian banking system, currently in the capacity of President of FGC’s Board of Director; President of the National Confederation of Financial Institutions – CNF, and Vicepresident of the Board of Directors of the Banco Unibanco, who will make the official opening of this event. We are grateful for the presence of Dr. Gabriel Jorge Ferreira. 1 I would also like to introduce to you, Dr. Gustavo Jorge Laboissiere Loyola, who was the President of the Central Bank of Brazil in 1995 when the Fundo Garantidor de Créditos was created, exactly on this date, eleven years ago, making us very proud to celebrate today FGC’s anniversary. Dr. Gustavo, is a very dear friend who deserves our best esteem, and also a well-known economist highly respected in Brazil and abroad. He acted as President of the Brazilian Central Bank for a long time. Dr. Gustavo is going to make a few comments about this event and on the importance of the Deposit Insurance Funds as part of the banking safety net. We are grateful for the presence of Dr. Gustavo Loyola. Last but not least, I would also like to introduce to you, although I am sure that most of you already know him, Mr. Jean Pierre Souborin, President of the IADI - International Association of Deposit Insurers since its inception; former President and Chief Executive Officer of the CDIC – Canadian Deposit Insurance Corporation. He is currently the President of the Malaysian Deposit Insurance, and who is going to present his greetings in this official opening. 2