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

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...

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Main Authors:	Starnes, Susan, Kurdyla, Michael, Alexander, Alex J.
Format:	Brief
Language:	English
Published:	International Finance Corporation, Washington, DC 2018
Subjects:	EMERGING MARKET ECONOMIES BANKING RISK TRADE FINANCE RISK MANAGEMENT ANTI-MONEY LAUNDERING COMBATING THE FINANCING OF TERRORISM AML-CFT CORRESPONDENT BANKING COMPLIANCE COSTS SME FINANCE FINANCIAL REGULATION
Online Access:	http://documents.worldbank.org/curated/en/580351481271839569/De-risking-by-Banks-in-emerging-markets-Effects-and-responses-for-trade http://hdl.handle.net/10986/30350

id	okr-10986-30350
recordtype	oai_dc
spelling	okr-10986-303502021-05-25T10:54:41Z De-Risking by Banks in Emerging Markets : Effects and Responses for Trade Starnes, Susan Kurdyla, Michael Alexander, Alex J. EMERGING MARKET ECONOMIES BANKING RISK TRADE FINANCE RISK MANAGEMENT ANTI-MONEY LAUNDERING COMBATING THE FINANCING OF TERRORISM AML-CFT CORRESPONDENT BANKING COMPLIANCE COSTS SME FINANCE FINANCIAL REGULATION 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. 2018-09-05T20:00:16Z 2018-09-05T20:00:16Z 2016-11 Brief http://documents.worldbank.org/curated/en/580351481271839569/De-risking-by-Banks-in-emerging-markets-Effects-and-responses-for-trade http://hdl.handle.net/10986/30350 English EMCompass,no. 24; CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	EMERGING MARKET ECONOMIES BANKING RISK TRADE FINANCE RISK MANAGEMENT ANTI-MONEY LAUNDERING COMBATING THE FINANCING OF TERRORISM AML-CFT CORRESPONDENT BANKING COMPLIANCE COSTS SME FINANCE FINANCIAL REGULATION
spellingShingle	EMERGING MARKET ECONOMIES BANKING RISK TRADE FINANCE RISK MANAGEMENT ANTI-MONEY LAUNDERING COMBATING THE FINANCING OF TERRORISM AML-CFT CORRESPONDENT BANKING COMPLIANCE COSTS SME FINANCE FINANCIAL REGULATION Starnes, Susan Kurdyla, Michael Alexander, Alex J. De-Risking by Banks in Emerging Markets : Effects and Responses for Trade
relation	EMCompass,no. 24;
description	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.
format	Brief
author	Starnes, Susan Kurdyla, Michael Alexander, Alex J.
author_facet	Starnes, Susan Kurdyla, Michael Alexander, Alex J.
author_sort	Starnes, Susan
title	De-Risking by Banks in Emerging Markets : Effects and Responses for Trade
title_short	De-Risking by Banks in Emerging Markets : Effects and Responses for Trade
title_full	De-Risking by Banks in Emerging Markets : Effects and Responses for Trade
title_fullStr	De-Risking by Banks in Emerging Markets : Effects and Responses for Trade
title_full_unstemmed	De-Risking by Banks in Emerging Markets : Effects and Responses for Trade
title_sort	de-risking by banks in emerging markets : effects and responses for trade
publisher	International Finance Corporation, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/580351481271839569/De-risking-by-Banks-in-emerging-markets-Effects-and-responses-for-trade http://hdl.handle.net/10986/30350
_version_	1764471761693310976

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

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