De-Risking by Banks in Emerging Markets : Effects and Responses for Trade

Starnes, Susan ; Kurdyla, Michael ; Alexander, Alex J.

International Finance Corporation, Washington, DC

关键词: EMERGING MARKET ECONOMIES;    BANKING RISK;    TRADE FINANCE;    RISK MANAGEMENT;    ANTI-MONEY LAUNDERING;   

RP-ID  :  110880

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Emerging evidence suggests thatde-risking is a reality. Increased capital requirements,coupled with rising Know-Your-Customer,Anti-Money-Laundering, andCombating-the-Financing-of-Terrorism compliance costs haveresulted in the exit of several global banks fromcross-border relationships with many emerging market clientsand markets, particularly in the correspondent bankingbusiness. A subset of this business, trade finance, is alsoat risk, with potential consequences for segments ofemerging market trade. The emerging market trade finance gapwas significant before the crisis and has since likelyexpanded. Those involved in addressing the de-riskingchallenge must focus on compliance consistency and effectiveadaptation of technological innovations.