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    De-Risking and Other Challenges in the Emerging Market Financial Sector by Stames, Susan, Kurdyla, Michael, Prakash, Arun, Volk, Ariane, Wang, Shengnan

    Published 2017
    “…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. …”