De-Risking and Other Challenges in the Emerging Market Financial Sector : Findings from IFC’s Survey on Correspondent Banking

Stames, Susan ; Kurdyla, Michael ; Prakash, Arun ; Volk, Ariane ; Wang, Shengnan

International Finance Corporation, Washington, D.C.

关键词: EMERGING MARKET;    BANK;    FINANCE;    CORRESPONDENT BANKING;    EMERGING MARKET ECONOMIES;   

RP-ID  :  121275

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper examines the relationshipbetween increasing compliance costs and correspondent bankde-risking, among other challenges, and the ability ofprivate-sector banks in emerging markets to continueproviding international banking services to their customers.The IFC Financial Institutions Group, which providesinvestment and advisory services to banks, microfinanceinstitutions, mortgage and insurance companies, and otherfinancial services providers in emerging markets, has builta global network of hundreds of clients in more than onehundred countries who rely on cross-border banking to servethe needs of their customers and, through their customers,their countries. This paper seeks to enlighten the publicdiscourse on de-risking by sharing insights gleaned from theperspectives of IFC’s network of global emerging marketfinancial institution clients. In this discussion, theauthors present the results of the 2017 CorrespondentBanking in Emerging Markets survey, undertaken by IFC tocapture both data and information from IFC client banks inninety two emerging markets.