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Understanding Correspondent Banking Trends: A Monitoring Framework
Author:
Dirk Jan Grolleman
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David Jutrsa
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Series:
IMF Working Papers
Volume/Issue:
Volume 2017: Issue 216
Language:
English
Publication Date:
04 Oct 2017
DOI:
https://doi.org/10.5089/9781484323625.001
ISBN:
9781484323625
ISSN:
1018-5941
Pages:
48
Keywords:
WP; respondent bank; reporting bank; nostro account; CBR development; banking system; Correspondent Banking; Correspondent Banking Relationships; bank data; ordering bank; Commercial banks; Currencies; Data collection; Public expenditure review; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The withdrawal of correspondent banking relationships (CBRs) remains a concern for the international community because, in affected jurisdictions, the decline could have potential adverse consequences on international trade, growth, financial inclusion, and the stability and integrity of the financial system. Building on existing initiatives and IMF technical assistance, this paper discusses a framework that can be readily used by central banks and supervisory authorities to effectively monitor the developments of CBRs in their jurisdiction. The working paper explains the monitoring framework and includes the necessary reporting templates and an analytical tool for the collection of data and analysis of CBRs.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund