Withdrawal from Correspondent Banking

World Bank Group

Working Paper

Withdrawal from Correspondent Banking : Where, Why, and What to Do About It

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collection.link.213	https://openknowledge.worldbank.org/handle/10986/11866
collection.name.213	Other papers
dc.contributor.author	World Bank Group
dc.date.accessioned	2015-12-14T20:25:00Z
dc.date.available	2015-12-14T20:25:00Z
dc.date.issued	2015-11-01
dc.date.lastModified	2021-04-23T14:04:14Z
dc.description.abstract	Correspondent banking services are essential to enabling companies and individuals to transact internationally and make cross-border payments. Recently there have been indications that certain large international banks have started terminating or severely limiting their correspondent banking relationships with smaller local and regional banks from jurisdictions around the world. To find out whether this is indeed happening, the World Bank, with support from the Financial Stability Board (FSB) and the Committee on Payments and Market Infrastructures (CPMI), surveyed banking authorities and banks worldwide to examine the extent of withdrawal from correspondent banking, its drivers, and its implications for financial exclusion/inclusion. In total, 110 banking authorities, 20 large banks, and 170 smaller local and regional banks participated in this exercise. This document includes finding of the survey, conclusions, and recommendations.	en
dc.identifier	http://documents.worldbank.org/curated/en/2015/11/25481335/withdraw-correspondent-banking
dc.identifier.uri	http://hdl.handle.net/10986/23335
dc.language	English
dc.language.iso	en_US
dc.publisher	World Bank, Washington, DC
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo/
dc.subject	DEPOSIT
dc.subject	FINANCIAL SERVICES
dc.subject	RECEIPT
dc.subject	ACCOUNTING
dc.subject	DEPOSITS
dc.subject	CUSTOMER
dc.subject	SMALL BANKS
dc.subject	PAYMENT SERVICE
dc.subject	MONEY LAUNDERING
dc.subject	FINANCING
dc.subject	REGIONAL BANKS
dc.subject	INTEREST
dc.subject	ACCESS TO PAYMENT
dc.subject	LAWS
dc.subject	INDUSTRY
dc.subject	REMITTANCE
dc.subject	BANKING SYSTEM
dc.subject	STRATEGIES
dc.subject	BANKING SERVICES
dc.subject	INFORMATION
dc.subject	LIQUIDITY
dc.subject	SERVICES
dc.subject	DISCRIMINATION
dc.subject	MONEY TRANSFER
dc.subject	INTERNATIONAL BUSINESS
dc.subject	INFORMATION SHARING
dc.subject	REORGANIZATION
dc.subject	CAPACITY BUILDING
dc.subject	PRICING
dc.subject	FEE
dc.subject	CORRUPTION
dc.subject	PAYMENTS
dc.subject	CENTRAL BANKS
dc.subject	CREDIT INSTITUTION
dc.subject	INTERNATIONAL BANK
dc.subject	MARKET INFRASTRUCTURES
dc.subject	ECONOMIC ACTIVITY
dc.subject	ACCESS TO FINANCIAL SERVICES
dc.subject	JURISDICTIONS
dc.subject	ANTI-MONEY LAUNDERING
dc.subject	SAVINGS
dc.subject	TECHNICAL ASSISTANCE
dc.subject	PENALTIES
dc.subject	CURRENCY
dc.subject	SETTLEMENT SYSTEMS
dc.subject	FINANCIAL INSTITUTION
dc.subject	BANKING RELATIONSHIPS
dc.subject	UNION
dc.subject	CURRENT ACCOUNT
dc.subject	PRIVATE BANKS
dc.subject	FOREIGN CURRENCIES
dc.subject	DEPOSIT ACCOUNTS
dc.subject	TRANSFERS
dc.subject	DOMESTIC BANKS
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	PAYMENT
dc.subject	MARKETS
dc.subject	CAPITAL REQUIREMENTS
dc.subject	FOREIGN ASSETS
dc.subject	LEGISLATION
dc.subject	WIRE TRANSFER
dc.subject	FINANCE
dc.subject	FOREIGN CURRENCY
dc.subject	BANKING SECTOR
dc.subject	BANKS
dc.subject	SUPERVISORY AUTHORITIES
dc.subject	CAPITAL
dc.subject	TRANSPARENCY
dc.subject	FINANCIAL STABILITY
dc.subject	CUSTOMER BASE
dc.subject	TRADE FINANCE
dc.subject	COMPLIANCE COSTS
dc.subject	SUBSIDIARIES
dc.subject	ACCESS TO FINANCE
dc.subject	VALUE
dc.subject	BANK
dc.subject	CREDIT
dc.subject	LEGAL BARRIERS
dc.subject	INTERNAL CONTROLS
dc.subject	SOURCE OF INFORMATION
dc.subject	FOREIGN BANKS
dc.subject	CASH MANAGEMENT
dc.subject	AFFILIATES
dc.subject	OFFSHORE BANKING
dc.subject	BALANCE SHEET
dc.subject	FACTORS
dc.subject	FOREIGN EXCHANGE
dc.subject	REGULATION
dc.subject	EASTERN CARIBBEAN CENTRAL BANK
dc.subject	SUBSIDIARY
dc.subject	PROFITABILITY
dc.subject	CREDIT RISK
dc.subject	WIRE TRANSFERS
dc.subject	TRADE
dc.subject	INTERESTS
dc.subject	LAND
dc.subject	PRUDENTIAL REQUIREMENTS
dc.subject	INVESTMENT
dc.subject	RISK
dc.subject	LACK OF KNOWLEDGE
dc.subject	CONTRACTUAL OBLIGATION
dc.subject	BUSINESS STRATEGY
dc.subject	PAYMENT SERVICES
dc.subject	BANKING
dc.subject	INTERNATIONAL PAYMENT SYSTEMS
dc.subject	BANKING RELATIONSHIP
dc.subject	CENTRAL BANKING
dc.subject	LEGAL REQUIREMENTS
dc.subject	STUDENTS
dc.subject	BORROWING
dc.subject	INVESTMENTS
dc.subject	RISK MANAGEMENT
dc.subject	LENDING
dc.subject	CHAMBER OF COMMERCE
dc.subject	SAVINGS BANKS
dc.subject	CORRESPONDENT BANKS
dc.subject	BANKING SUPERVISION
dc.subject	CUSTOMERS
dc.subject	OUTREACH
dc.subject	REMITTANCES
dc.subject	ACCOUNT HOLDER
dc.subject	GOVERNMENTS
dc.subject	PAYMENT SYSTEMS
dc.subject	RESERVE BANK OF NEW ZEALAND
dc.subject	INTERNATIONAL BANKS
dc.subject	CREDIT INSTITUTIONS
dc.subject	GUARANTEE
dc.subject	SAVINGS BANK
dc.subject	CONSUMER PROTECTION
dc.subject	GROUP OF BANKS
dc.subject	CONSOLIDATION
dc.title	Withdrawal from Correspondent Banking	en
dc.title.subtitle	Where, Why, and What to Do About It	en
dc.type	Working Paper	en
okr.date.disclosure	2015-11-20
okr.doctype	Publications & Research :: Working Paper
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/2015/11/25481335/withdraw-correspondent-banking
okr.googlescholar.linkpresent	yes
okr.identifier.externaldocumentum	090224b083395501_3_0
okr.identifier.internaldocumentum	25481335
okr.identifier.report	101098
okr.imported	true
okr.language.supported	en
okr.pdfurl	http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/11/24/090224b083395501/3_0/Rendered/PDF/Withdraw0from000what0to0do0about0it.pdf	en
okr.topic	Finance and Financial Sector Development :: Banks & Banking Reform
okr.topic	Finance and Financial Sector Development :: Financial Intermediation
okr.topic	Finance and Financial Sector Development :: Access to Finance
okr.topic	Public Sector Development :: Public Sector Corruption/Anticorruption Measures
okr.unit	Finance Markets - GP - IBRD (GFMDR)

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