Increased Regulation and De-Risking Are Impeding Cross-Border Financing in Emerging Markets

Volk, Ariane ; Starnes, Susan

International Finance Corporation, Washington, DC

关键词: TRADE FINANCE;    EMERGING MARKET ECONOMIES;    CORRESPONDENT BANKING;    COMBATING THE FINANCING OF TERRORISM;    ANTI-MONEY LAUNDERING;   

RP-ID  :  123079

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Correspondent banking relationshipsconnect banks and people across borders and are critical tofinance and trade. They are a vital link between emergingmarkets and the broader global economy. Yet efforts tocombat money laundering and the financing of terrorism haveincreased compliance requirements for banks. Difficultiesadhering to these requirements and increased costsassociated with them threaten the ability of banks to servetheir customers, while also eroding the number and qualityof correspondent banking relationships. A recentInternational Finance Corporation (IFC) survey shows thatmany banks are feeling the pressure of increased regulationand de-risking, and emerging market banks are bearing thebrunt of it.