Expanding Bank Outreach through Retail Partnerships : Correspondent Banking in Brazil
This paper explores the extent to which formal, regulated financial institutions such as banks have been able to partner with "correspondents"- commercial entities whose primary objective and business is other than the provision of financ...
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Online Access: | http://documents.worldbank.org/curated/en/2006/06/6838533/expanding-bank-outreach-through-retail-partnership-correspondent-banking-brazil http://hdl.handle.net/10986/7038 |
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okr-10986-70382021-04-23T14:02:27Z Expanding Bank Outreach through Retail Partnerships : Correspondent Banking in Brazil Kumar, Anjali Nair, Ajai Parsons, Adam Urdapilleta, Eduardo ACCOUNT MAINTENANCE ACCOUNTING ACCOUNTING FRAMEWORK BANK BRANCHES BANKING LEGISLATION BANKING SECTOR BANKING SERVICES BANKING SYSTEM BRANCH BANKING BUSINESS ESTABLISHMENT CAPITALIZATION COLLECTION COLLECTION SERVICES COMMERCIAL ENTITIES COMPANY COOPERATIVES COPYRIGHT CORRESPONDENT BANKS CREDIT ANALYSIS CREDIT CARDS CREDIT RISK CREDIT UNIONS DATA PROTECTION DEPOSITS DOI ELECTRICITY ELECTRONIC BANKING FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL SERVICES FINANCIAL TRANSACTIONS FIXED COSTS FRANCHISE FRANCHISES INSURANCE INTERNET USE LABOR COSTS LEGISLATION LEGISLATIVE FRAMEWORK LIABILITY LICENSES LIMITED LIQUIDITY LOTTERY MICROFINANCE MUNICIPALITIES MUNICIPALITY NATIONAL BANK NETWORKS PARTNERSHIP PAYMENTS PERSONS POSTAL SERVICES PRIVATE BANKS PRIVATE CONTRACTS PUBLIC PUBLIC CONTRACTS PUBLIC UTILITIES RETURN ON INVESTMENT RISK MANAGEMENT RISK SHARING SAVINGS SAVINGS ACCOUNTS SAVINGS BANKS SERVICE DELIVERY SMALL BUSINESSES SMART CARDS SUBSIDIARY TAX TELEPHONE SERVICES UNION This paper explores the extent to which formal, regulated financial institutions such as banks have been able to partner with "correspondents"- commercial entities whose primary objective and business is other than the provision of financial services. The paper illustrates the case of Brazil, where banks recently have developed extensive networks of such correspondents. Such arrangements result in lower costs and shared risks for participating financial institutions, making these arrangements an attractive vehicle for outreach to the underserved. Correspondent banking requires an enabling environment to emerge, and poses some regulatory challenges and some increase in risk. While there are reasons why this model was particularly successful in Brazil, it may be replicable elsewhere if appropriate regulatory adjustments are undertaken. 2012-06-04T19:23:17Z 2012-06-04T19:23:17Z 2006 http://documents.worldbank.org/curated/en/2006/06/6838533/expanding-bank-outreach-through-retail-partnership-correspondent-banking-brazil 978-0-8213-6702-5 http://hdl.handle.net/10986/7038 English en_US World Bank Working Paper No. 85 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Latin America & Caribbean Brazil |
repository_type |
Digital Repository |
institution_category |
Foreign Institution |
institution |
Digital Repositories |
building |
World Bank Open Knowledge Repository |
collection |
World Bank |
language |
English en_US |
topic |
ACCOUNT MAINTENANCE ACCOUNTING ACCOUNTING FRAMEWORK BANK BRANCHES BANKING LEGISLATION BANKING SECTOR BANKING SERVICES BANKING SYSTEM BRANCH BANKING BUSINESS ESTABLISHMENT CAPITALIZATION COLLECTION COLLECTION SERVICES COMMERCIAL ENTITIES COMPANY COOPERATIVES COPYRIGHT CORRESPONDENT BANKS CREDIT ANALYSIS CREDIT CARDS CREDIT RISK CREDIT UNIONS DATA PROTECTION DEPOSITS DOI ELECTRICITY ELECTRONIC BANKING FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL SERVICES FINANCIAL TRANSACTIONS FIXED COSTS FRANCHISE FRANCHISES INSURANCE INTERNET USE LABOR COSTS LEGISLATION LEGISLATIVE FRAMEWORK LIABILITY LICENSES LIMITED LIQUIDITY LOTTERY MICROFINANCE MUNICIPALITIES MUNICIPALITY NATIONAL BANK NETWORKS PARTNERSHIP PAYMENTS PERSONS POSTAL SERVICES PRIVATE BANKS PRIVATE CONTRACTS PUBLIC PUBLIC CONTRACTS PUBLIC UTILITIES RETURN ON INVESTMENT RISK MANAGEMENT RISK SHARING SAVINGS SAVINGS ACCOUNTS SAVINGS BANKS SERVICE DELIVERY SMALL BUSINESSES SMART CARDS SUBSIDIARY TAX TELEPHONE SERVICES UNION |
spellingShingle |
ACCOUNT MAINTENANCE ACCOUNTING ACCOUNTING FRAMEWORK BANK BRANCHES BANKING LEGISLATION BANKING SECTOR BANKING SERVICES BANKING SYSTEM BRANCH BANKING BUSINESS ESTABLISHMENT CAPITALIZATION COLLECTION COLLECTION SERVICES COMMERCIAL ENTITIES COMPANY COOPERATIVES COPYRIGHT CORRESPONDENT BANKS CREDIT ANALYSIS CREDIT CARDS CREDIT RISK CREDIT UNIONS DATA PROTECTION DEPOSITS DOI ELECTRICITY ELECTRONIC BANKING FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL SERVICES FINANCIAL TRANSACTIONS FIXED COSTS FRANCHISE FRANCHISES INSURANCE INTERNET USE LABOR COSTS LEGISLATION LEGISLATIVE FRAMEWORK LIABILITY LICENSES LIMITED LIQUIDITY LOTTERY MICROFINANCE MUNICIPALITIES MUNICIPALITY NATIONAL BANK NETWORKS PARTNERSHIP PAYMENTS PERSONS POSTAL SERVICES PRIVATE BANKS PRIVATE CONTRACTS PUBLIC PUBLIC CONTRACTS PUBLIC UTILITIES RETURN ON INVESTMENT RISK MANAGEMENT RISK SHARING SAVINGS SAVINGS ACCOUNTS SAVINGS BANKS SERVICE DELIVERY SMALL BUSINESSES SMART CARDS SUBSIDIARY TAX TELEPHONE SERVICES UNION Kumar, Anjali Nair, Ajai Parsons, Adam Urdapilleta, Eduardo Expanding Bank Outreach through Retail Partnerships : Correspondent Banking in Brazil |
geographic_facet |
Latin America & Caribbean Brazil |
relation |
World Bank Working Paper No. 85 |
description |
This paper explores the extent to which
formal, regulated financial institutions such as banks have
been able to partner with "correspondents"-
commercial entities whose primary objective and business is
other than the provision of financial services. The paper
illustrates the case of Brazil, where banks recently have
developed extensive networks of such correspondents. Such
arrangements result in lower costs and shared risks for
participating financial institutions, making these
arrangements an attractive vehicle for outreach to the
underserved. Correspondent banking requires an enabling
environment to emerge, and poses some regulatory challenges
and some increase in risk. While there are reasons why this
model was particularly successful in Brazil, it may be
replicable elsewhere if appropriate regulatory adjustments
are undertaken. |
format |
Publications & Research :: Publication |
author |
Kumar, Anjali Nair, Ajai Parsons, Adam Urdapilleta, Eduardo |
author_facet |
Kumar, Anjali Nair, Ajai Parsons, Adam Urdapilleta, Eduardo |
author_sort |
Kumar, Anjali |
title |
Expanding Bank Outreach through Retail Partnerships : Correspondent Banking in Brazil |
title_short |
Expanding Bank Outreach through Retail Partnerships : Correspondent Banking in Brazil |
title_full |
Expanding Bank Outreach through Retail Partnerships : Correspondent Banking in Brazil |
title_fullStr |
Expanding Bank Outreach through Retail Partnerships : Correspondent Banking in Brazil |
title_full_unstemmed |
Expanding Bank Outreach through Retail Partnerships : Correspondent Banking in Brazil |
title_sort |
expanding bank outreach through retail partnerships : correspondent banking in brazil |
publisher |
Washington, DC: World Bank |
publishDate |
2012 |
url |
http://documents.worldbank.org/curated/en/2006/06/6838533/expanding-bank-outreach-through-retail-partnership-correspondent-banking-brazil http://hdl.handle.net/10986/7038 |
_version_ |
1764399024582950912 |