Increased Regulation and De-Risking Are Impeding Cross-Border Financing in Emerging Markets

Increased Regulation and De-Risking Are Impeding Cross-Border Financing in Emerging Markets

Correspondent banking relationships connect banks and people across borders and are critical to finance and trade. They are a vital link between emerging markets and the broader global economy. Yet efforts to combat money laundering and the financi...

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Bibliographic Details
Main Authors: Volk, Ariane, Starnes, Susan
Format: Brief
Language:English
Published: International Finance Corporation, Washington, DC 2018
Subjects:
TRADE FINANCE
EMERGING MARKET ECONOMIES
CORRESPONDENT BANKING
COMBATING THE FINANCING OF TERRORISM
ANTI-MONEY LAUNDERING
AML-CFT
REGULATION
RISK MANAGEMENT
FINANCIAL ACTION TASK FORCE
Online Access:http://documents.worldbank.org/curated/en/903641517385565431/Increased-regulation-and-de-risking-are-impeding-cross-border-financing-in-emerging-markets
http://hdl.handle.net/10986/30374
id okr-10986-30374
recordtype oai_dc
spelling okr-10986-303742021-05-25T10:54:41Z Increased Regulation and De-Risking Are Impeding Cross-Border Financing in Emerging Markets Volk, Ariane Starnes, Susan TRADE FINANCE EMERGING MARKET ECONOMIES CORRESPONDENT BANKING COMBATING THE FINANCING OF TERRORISM ANTI-MONEY LAUNDERING AML-CFT REGULATION RISK MANAGEMENT FINANCIAL ACTION TASK FORCE Correspondent banking relationships connect banks and people across borders and are critical to finance and trade. They are a vital link between emerging markets and the broader global economy. Yet efforts to combat money laundering and the financing of terrorism have increased compliance requirements for banks. Difficulties adhering to these requirements and increased costs associated with them threaten the ability of banks to serve their customers, while also eroding the number and quality of correspondent banking relationships. A recent International Finance Corporation (IFC) survey shows that many banks are feeling the pressure of increased regulation and de-risking, and emerging market banks are bearing the brunt of it. 2018-09-06T20:22:53Z 2018-09-06T20:22:53Z 2018-01 Brief http://documents.worldbank.org/curated/en/903641517385565431/Increased-regulation-and-de-risking-are-impeding-cross-border-financing-in-emerging-markets http://hdl.handle.net/10986/30374 English EMCompass,no. 48; CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank 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 TRADE FINANCE
EMERGING MARKET ECONOMIES
CORRESPONDENT BANKING
COMBATING THE FINANCING OF TERRORISM
ANTI-MONEY LAUNDERING
AML-CFT
REGULATION
RISK MANAGEMENT
FINANCIAL ACTION TASK FORCE
spellingShingle TRADE FINANCE
EMERGING MARKET ECONOMIES
CORRESPONDENT BANKING
COMBATING THE FINANCING OF TERRORISM
ANTI-MONEY LAUNDERING
AML-CFT
REGULATION
RISK MANAGEMENT
FINANCIAL ACTION TASK FORCE
Volk, Ariane
Starnes, Susan
Increased Regulation and De-Risking Are Impeding Cross-Border Financing in Emerging Markets
relation EMCompass,no. 48;
description Correspondent banking relationships connect banks and people across borders and are critical to finance and trade. They are a vital link between emerging markets and the broader global economy. Yet efforts to combat money laundering and the financing of terrorism have increased compliance requirements for banks. Difficulties adhering to these requirements and increased costs associated with them threaten the ability of banks to serve their customers, while also eroding the number and quality of correspondent banking relationships. A recent International Finance Corporation (IFC) survey shows that many banks are feeling the pressure of increased regulation and de-risking, and emerging market banks are bearing the brunt of it.
format Brief
author Volk, Ariane
Starnes, Susan
author_facet Volk, Ariane
Starnes, Susan
author_sort Volk, Ariane
title Increased Regulation and De-Risking Are Impeding Cross-Border Financing in Emerging Markets
title_short Increased Regulation and De-Risking Are Impeding Cross-Border Financing in Emerging Markets
title_full Increased Regulation and De-Risking Are Impeding Cross-Border Financing in Emerging Markets
title_fullStr Increased Regulation and De-Risking Are Impeding Cross-Border Financing in Emerging Markets
title_full_unstemmed Increased Regulation and De-Risking Are Impeding Cross-Border Financing in Emerging Markets
title_sort increased regulation and de-risking are impeding cross-border financing in emerging markets
publisher International Finance Corporation, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/903641517385565431/Increased-regulation-and-de-risking-are-impeding-cross-border-financing-in-emerging-markets
http://hdl.handle.net/10986/30374
_version_ 1764471823837167616

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