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

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2018-05-03T18:54:45Z
dc.date.available2018-05-03T18:54:45Z
dc.date.issued2018
dc.description.abstractTo move funds internationally, banks rely on correspondent banking relationships (CBRs), roughly defined as the provision of banking services by one bank (the correspondent) to another bank (the respondent). CBRs are essential to international payments and provide an essential nexus between local economies and jurisdictions and the international financial system. They underpin international trade, remittances, and humanitarian financial flows among countries and are therefore particularly relevant to developing countries to support economic growth and development. Since the global financial crisis of 2008, global banks have been reviewing their CBRs and many have decided to terminate or limit their correspondent banking services (also known as derisking) to different regions, jurisdictions, or categories of clients.en
dc.identifierhttp://documents.worldbank.org/curated/en/552411525105603327/The-decline-in-access-to-correspondent-banking-services-in-emerging-markets-trends-impacts-and-solutions-lessons-learned-from-eight-country-case-studies
dc.identifier.doi10.1596/29778
dc.identifier.urihttps://hdl.handle.net/10986/29778
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesFinance, Competitiveness and Innovation Insight;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCORRESPONDENT BANKING
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectBANKING SYSTEM
dc.subjectREMITTANCES
dc.subjectRISK MANAGEMENT
dc.subjectPRIVATE SECTOR
dc.subjectFINANCIAL TECHNOLOGY
dc.subjectFINTECH
dc.subjectPUBLIC SECTOR
dc.subjectACCESS TO FINANCE
dc.subjectMIGRANT LABOR
dc.subjectINTERNATIONAL MIGRATION
dc.subjectAML-CFT
dc.subjectSETTLEMENT FLOWS
dc.subjectMONEY LAUNDERING
dc.titleThe Decline in Access to Correspondent Banking Services in Emerging Marketsen
dc.title.subtitleTrends, Impacts, and Solutionsen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleThe Decline in Access to Correspondent Banking Services in Emerging Markets
okr.date.disclosure2018-04-30
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/552411525105603327/The-decline-in-access-to-correspondent-banking-services-in-emerging-markets-trends-impacts-and-solutions-lessons-learned-from-eight-country-case-studies
okr.guid552411525105603327
okr.identifier.doi10.1596/29778
okr.identifier.externaldocumentum090224b0859784cf_2_0
okr.identifier.internaldocumentum29819616
okr.identifier.report125422
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/552411525105603327/pdf/125422-replacement.pdfen
okr.region.countryBangladesh
okr.region.countryGuatemala
okr.region.countryJamaica
okr.region.countryMexico
okr.region.countryPhilippines
okr.region.countrySamoa
okr.region.countrySouth Africa
okr.region.countryTonga
okr.statistics.combined16562
okr.statistics.dr552411525105603327
okr.statistics.drstats8473
okr.topicTrade Finance and Investment
okr.topicFinancial Regulation and Supervision
okr.unitFinance, Competitiveness and Innovation Global Practice
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