Brief

De-Risking by Banks in Emerging Markets : Effects and Responses for Trade

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collection.link.315
https://openknowledge.worldbank.org/handle/10986/30315
collection.name.315
EMCompass Notes
dc.contributor.author
Starnes, Susan
dc.contributor.author
Kurdyla, Michael
dc.contributor.author
Alexander, Alex J.
dc.date.accessioned
2018-09-05T20:00:16Z
dc.date.available
2018-09-05T20:00:16Z
dc.date.issued
2016-11
dc.date.lastModified
2018-09-06T05:10:44Z
dc.description.abstract
Emerging evidence suggests that de-risking is a reality. Increased capital requirements, coupled with rising Know-Your-Customer, Anti-Money-Laundering, and Combating-the-Financing-of-Terrorism compliance costs have resulted in the exit of several global banks from cross-border relationships with many emerging market clients and markets, particularly in the correspondent banking business. A subset of this business, trade finance, is also at risk, with potential consequences for segments of emerging market trade. The emerging market trade finance gap was significant before the crisis and has since likely expanded. Those involved in addressing the de-risking challenge must focus on compliance consistency and effective adaptation of technological innovations.
en
dc.identifier
http://documents.worldbank.org/curated/en/580351481271839569/De-risking-by-Banks-in-emerging-markets-Effects-and-responses-for-trade
dc.identifier.uri
http://hdl.handle.net/10986/30350
dc.language
English
dc.publisher
International Finance Corporation, Washington, DC
dc.relation.ispartofseries
EMCompass,no. 24;
dc.rights
CC BY-NC-ND 3.0 IGO
dc.rights.holder
International Finance Corporation
dc.rights.uri
http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subject
EMERGING MARKET ECONOMIES
dc.subject
BANKING RISK
dc.subject
TRADE FINANCE
dc.subject
RISK MANAGEMENT
dc.subject
ANTI-MONEY LAUNDERING
dc.subject
COMBATING THE FINANCING OF TERRORISM
dc.subject
AML-CFT
dc.subject
CORRESPONDENT BANKING
dc.subject
COMPLIANCE COSTS
dc.subject
SME FINANCE
dc.subject
FINANCIAL REGULATION
dc.title
De-Risking by Banks in Emerging Markets
en
dc.title.subtitle
Effects and Responses for Trade
en
dc.type
Brief
en
okr.date.disclosure
2016-12-09
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Brief
okr.docurl
http://documents.worldbank.org/curated/en/580351481271839569/De-risking-by-Banks-in-emerging-markets-Effects-and-responses-for-trade
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b084799637_1_0
okr.identifier.internaldocumentum
27009611
okr.identifier.report
110880
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/580351481271839569/pdf/110880-BRI-EMCompass-Note-24-De-risking-and-Trade-Finance-11-15-PUBLIC.pdf
en
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Finance and Financial Sector Development :: Anti-Money Laundering
okr.topic
Finance and Financial Sector Development :: Financial Regulation & Supervision
okr.topic
Finance and Financial Sector Development :: Insurance & Risk Mitigation
okr.topic
International Economics and Trade :: Trade Finance and Investment
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Private Sector Development :: Small and Medium Size Enterprises
okr.unit
Finance & Markets - GP - IFC (GFMDR)

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