De-Risking and Other Challenges in the Emerging Market Financial Sector
This paper examines the relationship between increasing compliance costs and correspondent bank de-risking, among other challenges, and the ability of private-sector banks in emerging markets to continue providing international banking services to...
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| Main Authors: | , , , , |
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| Format: | Online |
| Language: | English |
| Published: |
International Finance Corporation, Washington, D.C.
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/895821510730571841/De-risking-and-other-challenges-in-the-emerging-market-financial-sector-findings-from-IFC-s-survey-on-correspondent-banking https://hdl.handle.net/10986/28968 |
| _version_ | 1866368902327435264 |
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| author | Stames, Susan Kurdyla, Michael Prakash, Arun Volk, Ariane Wang, Shengnan |
| author_facet | Stames, Susan Kurdyla, Michael Prakash, Arun Volk, Ariane Wang, Shengnan |
| author_sort | Stames, Susan |
| collection | Colección Documentos Técnicos |
| description | This paper examines the relationship
between increasing compliance costs and correspondent bank
de-risking, among other challenges, and the ability of
private-sector banks in emerging markets to continue
providing international banking services to their customers.
The IFC Financial Institutions Group, which provides
investment and advisory services to banks, microfinance
institutions, mortgage and insurance companies, and other
financial services providers in emerging markets, has built
a global network of hundreds of clients in more than one
hundred countries who rely on cross-border banking to serve
the needs of their customers and, through their customers,
their countries. This paper seeks to enlighten the public
discourse on de-risking by sharing insights gleaned from the
perspectives of IFC’s network of global emerging market
financial institution clients. In this discussion, the
authors present the results of the 2017 Correspondent
Banking in Emerging Markets survey, undertaken by IFC to
capture both data and information from IFC client banks in
ninety two emerging markets. |
| format | Online Survey |
| id | wb-10986-28968 |
| institution | Banco Mundial |
| language | English |
| publishDate | 2017 |
| publisher | International Finance Corporation, Washington, D.C. |
| record_format | dspace |
| spelling | wb-10986-289682025-04-10T15:28:58Z De-Risking and Other Challenges in the Emerging Market Financial Sector Findings from IFC’s Survey on Correspondent Banking Stames, Susan Kurdyla, Michael Prakash, Arun Volk, Ariane Wang, Shengnan EMERGING MARKET BANK FINANCE CORRESPONDENT BANKING EMERGING MARKET ECONOMIES ACCESS TO FINANCE FINANCIAL INSTITUTIONS REGULATION AML/CFT FINANCIAL TECHNOLOGY INTERNATIONAL BANKING REMITTANCES TRADE FINANCE CURRENCY SETTLEMENT FINANCIAL INCLUSION This paper examines the relationship between increasing compliance costs and correspondent bank de-risking, among other challenges, and the ability of private-sector banks in emerging markets to continue providing international banking services to their customers. The IFC Financial Institutions Group, which provides investment and advisory services to banks, microfinance institutions, mortgage and insurance companies, and other financial services providers in emerging markets, has built a global network of hundreds of clients in more than one hundred countries who rely on cross-border banking to serve the needs of their customers and, through their customers, their countries. This paper seeks to enlighten the public discourse on de-risking by sharing insights gleaned from the perspectives of IFC’s network of global emerging market financial institution clients. In this discussion, the authors present the results of the 2017 Correspondent Banking in Emerging Markets survey, undertaken by IFC to capture both data and information from IFC client banks in ninety two emerging markets. 2017-12-06T23:35:14Z 2017-12-06T23:35:14Z 2017-09-01 Survey Enquête Encuesta http://documents.worldbank.org/curated/en/895821510730571841/De-risking-and-other-challenges-in-the-emerging-market-financial-sector-findings-from-IFC-s-survey-on-correspondent-banking https://hdl.handle.net/10986/28968 10.1596/28968 English CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank application/pdf text/plain International Finance Corporation, Washington, D.C. |
| spellingShingle | EMERGING MARKET BANK FINANCE CORRESPONDENT BANKING EMERGING MARKET ECONOMIES ACCESS TO FINANCE FINANCIAL INSTITUTIONS REGULATION AML/CFT FINANCIAL TECHNOLOGY INTERNATIONAL BANKING REMITTANCES TRADE FINANCE CURRENCY SETTLEMENT FINANCIAL INCLUSION Stames, Susan Kurdyla, Michael Prakash, Arun Volk, Ariane Wang, Shengnan De-Risking and Other Challenges in the Emerging Market Financial Sector |
| title | De-Risking and Other Challenges in the Emerging Market Financial Sector |
| title_full | De-Risking and Other Challenges in the Emerging Market Financial Sector |
| title_fullStr | De-Risking and Other Challenges in the Emerging Market Financial Sector |
| title_full_unstemmed | De-Risking and Other Challenges in the Emerging Market Financial Sector |
| title_short | De-Risking and Other Challenges in the Emerging Market Financial Sector |
| title_sort | de risking and other challenges in the emerging market financial sector |
| topic | EMERGING MARKET BANK FINANCE CORRESPONDENT BANKING EMERGING MARKET ECONOMIES ACCESS TO FINANCE FINANCIAL INSTITUTIONS REGULATION AML/CFT FINANCIAL TECHNOLOGY INTERNATIONAL BANKING REMITTANCES TRADE FINANCE CURRENCY SETTLEMENT FINANCIAL INCLUSION |
| url | http://documents.worldbank.org/curated/en/895821510730571841/De-risking-and-other-challenges-in-the-emerging-market-financial-sector-findings-from-IFC-s-survey-on-correspondent-banking https://hdl.handle.net/10986/28968 |
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