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Report on the G20 Survey in De-Risking Activities in the Remittance Market

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2015-12-10T23:32:19Z
dc.date.available2015-12-10T23:32:19Z
dc.date.issued2015-10-01
dc.description.abstractIn September 2014, the Group of Twenty (G20) Global Partnership for Financial Inclusion (GPFI) requested the World Bank Group to undertake a survey in the G20 countries on the issue of commercial banks’ actions to de-risk their operations, specifically in relation to non-bank international remittance service providers or, as they are alternatively referred to throughout this report, money transfer operators (MTOs). The objective of the survey was to assess the status of the de-risking phenomenon in the G20 countries, and to collect evidence from which conclusions on the main drivers and the impact for the MTO market could be drawn. The key findings of this survey and the relative recommendations on potential actions are provided in this report to assist the G20 governments, standard setting bodies, private sector entities and the other relevant stakeholders in the financial sector on future discussions on this topic. In addition to working with the G20 on de-risking in the remittance market, the World Bank Group collaborated with the Financial Stability Board (FSB) and the Committee on Payments and Market Infrastructures (CPMI) to conduct a global survey on access to foreign correspondent banking relationships. This survey is focused on banking authorities, large international banks, and regional/local banks. The G20 Finance Ministers and Central Bank Governors endorsed this work in February 2015.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/11/25478384/report-g20-survey-de-risking-activities-remittance-market
dc.identifier.doi10.1596/23327
dc.identifier.urihttps://hdl.handle.net/10986/23327
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectTERRORISM
dc.subjectDEPOSIT
dc.subjectFINANCIAL SERVICES
dc.subjectREGULATORY FRAMEWORK
dc.subjectMARKET STRUCTURE
dc.subjectECONOMIC GROWTH
dc.subjectPEOPLE
dc.subjectPAYMENT SERVICE
dc.subjectMONEY LAUNDERING
dc.subjectFINANCING
dc.subjectPRINCIPAL
dc.subjectINTEREST
dc.subjectACCESS TO PAYMENT
dc.subjectDEPOSIT TAKING INSTITUTIONS
dc.subjectINDUSTRY
dc.subjectREMITTANCE
dc.subjectEXCHANGE
dc.subjectOPTION
dc.subjectPAYMENT SYSTEM
dc.subjectBANKING SERVICES
dc.subjectSERVICES
dc.subjectDEVELOPING COUNTRIES
dc.subjectBANK ACCOUNT
dc.subjectACCESS TO BANK
dc.subjectEXCLUSION
dc.subjectHOUSING
dc.subjectREVENUES
dc.subjectMONEY TRANSFER
dc.subjectPORTFOLIO
dc.subjectWELFARE
dc.subjectPROVISION OF FINANCE
dc.subjectACCESS POINT
dc.subjectREMITTANCE SERVICES
dc.subjectREGULATORY SCRUTINY
dc.subjectPAYMENTS
dc.subjectCREDIT INSTITUTION
dc.subjectINTERNATIONAL BANK
dc.subjectMARKET INFRASTRUCTURES
dc.subjectAGENTS WITHOUT ACCESS
dc.subjectREGULATORY AUTHORITIES
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectCENTRAL BANK
dc.subjectMARKET PARTICIPANTS
dc.subjectACCESS TO BANKING
dc.subjectRISK PERCEPTIONS
dc.subjectANTI-MONEY LAUNDERING
dc.subjectINTERNATIONAL FINANCE
dc.subjectPUBLIC POLICY
dc.subjectPOLICY RESPONSE
dc.subjectSAVINGS
dc.subjectPENALTIES
dc.subjectLEGAL PROVISIONS
dc.subjectDISBURSEMENT
dc.subjectLEVEL OF CONFIDENCE
dc.subjectBANKING RELATIONSHIPS
dc.subjectUNION
dc.subjectTRANSFERS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectPAYMENT
dc.subjectMARKETS
dc.subjectLEGISLATION
dc.subjectSETTLEMENT
dc.subjectFINANCIAL PRODUCTS
dc.subjectRISK PERCEPTION
dc.subjectCOMPETITIVE MARKET
dc.subjectBANKERS
dc.subjectENTERPRISES
dc.subjectBANKING ASSOCIATIONS
dc.subjectNATIONAL BANKERS
dc.subjectFINANCE
dc.subjectINFRASTRUCTURE
dc.subjectBANKING SECTOR
dc.subjectBANKS
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectTRANSACTIONS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectPAYMENTS INFRASTRUCTURES
dc.subjectMONEY MANAGEMENT
dc.subjectGOOD
dc.subjectRETAIL BANKING
dc.subjectTRANSPARENCY
dc.subjectFINANCIAL STABILITY
dc.subjectSMALL ENTERPRISES
dc.subjectLACK OF ACCESS
dc.subjectACCESS TO BANKS
dc.subjectMARKET CONDITIONS
dc.subjectFUTURE
dc.subjectPUBLIC POLICIES
dc.subjectVALUE
dc.subjectSOURCE OF INCOME
dc.subjectFINANCIAL EXCLUSION
dc.subjectBANK
dc.subjectCREDIT
dc.subjectAMOUNT OF RISK
dc.subjectCASH MANAGEMENT
dc.subjectACCESS TO BANK ACCOUNTS
dc.subjectINTERNATIONAL CLEARING
dc.subjectMARKET
dc.subjectSUPERVISORY SANCTIONS
dc.subjectACCESS TO BANKING SERVICES
dc.subjectBANK ACCOUNT ACCESS
dc.subjectRISK PROFILE
dc.subjectFINANCIAL SERVICE
dc.subjectSUBSIDIARY
dc.subjectBANK ACCOUNTS
dc.subjectMICROCREDIT
dc.subjectPROFITABILITY
dc.subjectGOVERNANCE
dc.subjectACCESS TO CREDIT
dc.subjectMICROFINANCE
dc.subjectWIRE TRANSFERS
dc.subjectMARKET SHARE
dc.subjectRISK
dc.subjectCOMMERCIAL BANKS
dc.subjectSHARE
dc.subjectPAYMENT SERVICES
dc.subjectREMITTANCE SERVICE
dc.subjectPOVERTY
dc.subjectINTERNATIONAL STANDARD
dc.subjectBANKING
dc.subjectREVENUE
dc.subjectPRIVATE INVESTMENTS
dc.subjectLANGUAGE BARRIERS
dc.subjectLEGAL REQUIREMENTS
dc.subjectFINANCIAL SUPPORT
dc.subjectINVESTMENTS
dc.subjectRISK MANAGEMENT
dc.subjectLENDING
dc.subjectMARKET FINANCE
dc.subjectCORRESPONDENT BANKS
dc.subjectFEES
dc.subjectFAMILIES
dc.subjectACCESS TO BANK ACCOUNT
dc.subjectWOMEN
dc.subjectOUTREACH
dc.subjectREMITTANCES
dc.subjectPAYMENT SYSTEMS
dc.subjectGOVERNMENTS
dc.subjectINTERNATIONAL BANKS
dc.subjectCREDIT INSTITUTIONS
dc.subjectGUARANTEE
dc.subjectCONSUMER PROTECTION
dc.subjectACCOUNT HOLDERS
dc.subjectAUDITING
dc.subjectRISK MITIGATION
dc.subjectDISABLED
dc.titleReport on the G20 Survey in De-Risking Activities in the Remittance Marketen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2015-11-19
okr.date.doiregistration2025-05-05T11:51:41.637730Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2015/11/25478384/report-g20-survey-de-risking-activities-remittance-market
okr.guid679881467993185572
okr.identifier.externaldocumentum090224b0831ec495_1_0
okr.identifier.internaldocumentum25478384
okr.identifier.report101071
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/11/19/090224b0831ec495/1_0/Rendered/PDF/Report0on0the00he0remittance0market.pdfen
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicMacroeconomics and Economic Growth::Remittances
okr.topicPublic Sector Development::Public Sector Corruption/Anticorruption Measures
okr.unitFinance Markets - GP - IBRD (GFMDR)
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