The Decline in Access to Correspondent Banking Services in Emerging Markets : Trends, Impacts, and Solutions

World Bank Group

World Bank, Washington, DC

关键词: CORRESPONDENT BANKING;    EMERGING MARKET ECONOMIES;    BANKING SYSTEM;    REMITTANCES;    RISK MANAGEMENT;   

RP-ID  :  125422

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

To move funds internationally, banksrely on correspondent banking relationships (CBRs), roughlydefined as the provision of banking services by one bank(the correspondent) to another bank (the respondent). CBRsare essential to international payments and provide anessential nexus between local economies and jurisdictionsand the international financial system. They underpininternational trade, remittances, and humanitarian financialflows among countries and are therefore particularlyrelevant to developing countries to support economic growthand development. Since the global financial crisis of 2008,global banks have been reviewing their CBRs and many havedecided to terminate or limit their correspondent bankingservices (also known as derisking) to different regions,jurisdictions, or categories of clients.