Factors leading to global banks’ withdrawal of correspondent banking relationships (CBRs) are multiple, interrelated and varied; but often reflect banks’ assessment of the profitability and risk of the relationships. How can countries better monitor risks of CBR withdrawals to financial stability and tackle its adverse impact? Viewed through experiences in the African, Pacific, Central American and Caribbean regions, the talk describes measures countries could adopt to enhance monitoring and addressing CBR pressures, including strengthening the legal and supervisory frameworks (e.g., AML/CFT).
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