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The Withdrawal of Correspondent Banking Relationships

The Withdrawal of Correspondent Banking Relationships PDF Author: Mrs.Michaela Erbenova
Publisher: International Monetary Fund
ISBN: 1498336531
Category : Business & Economics
Languages : en
Pages : 42

Book Description
This paper focuses on the withdrawal of correspondent banking relationships (CBRs) in some jurisdictions post-global financial crisis. It describes existing evidence and consequences of the withdrawal of CBRs and explores drivers of this phenomenon drawing on recent surveys and select country information. While the withdrawal of CBRs has reached a critical level in some affected countries, which can have a systemic impact if unaddressed, macroeconomic consequences have not been identified so far at a global level. The paper presents responses from the international community to address this phenomenon, and explains the role that the IMF has been playing in this global effort, especially with regards to supporting member countries in the context of surveillance and technical assistance, facilitating dialogue among stakeholders, and encouraging data gathering efforts. The paper concludes by suggesting policy responses by public and private sector stakeholders needed to further mitigate potential negative impacts that could undermine financial stability, inclusion, growth and development goals.

The Withdrawal of Correspondent Banking Relationships

The Withdrawal of Correspondent Banking Relationships PDF Author: Mrs.Michaela Erbenova
Publisher: International Monetary Fund
ISBN: 1498336531
Category : Business & Economics
Languages : en
Pages : 42

Book Description
This paper focuses on the withdrawal of correspondent banking relationships (CBRs) in some jurisdictions post-global financial crisis. It describes existing evidence and consequences of the withdrawal of CBRs and explores drivers of this phenomenon drawing on recent surveys and select country information. While the withdrawal of CBRs has reached a critical level in some affected countries, which can have a systemic impact if unaddressed, macroeconomic consequences have not been identified so far at a global level. The paper presents responses from the international community to address this phenomenon, and explains the role that the IMF has been playing in this global effort, especially with regards to supporting member countries in the context of surveillance and technical assistance, facilitating dialogue among stakeholders, and encouraging data gathering efforts. The paper concludes by suggesting policy responses by public and private sector stakeholders needed to further mitigate potential negative impacts that could undermine financial stability, inclusion, growth and development goals.

The PAYTECH Book

The PAYTECH Book PDF Author: Susanne Chishti
Publisher: John Wiley & Sons
ISBN: 1119551919
Category : Business & Economics
Languages : en
Pages : 261

Book Description
The only globally-crowdsourced book on the future of payments (“PayTech”), offering comprehensive understanding of a rapidly evolving industry at the centre of global commerce The movement of money between individuals, organisations and governments is crucial to the world economy. The payments industry has undergone immense transformation ­– new regulations, technologies and consumer demands have prompted significant changes to the tools, products and use cases in payments, as well as presented lucrative opportunities for entrepreneurs and FinTech professionals. As payment technologies become faster and more efficient, companies and investors are increasingly favouring PayTech innovation due to better customer experience, increased revenues and manageable risks. The PAYTECH Book brings together a diverse collection of industry experts to provide entrepreneurs, financial services professionals and investors with the answers they need to capitalise on the highly profitable PayTech market. Written by leaders in the global FinTech and payment sectors, this informative volume explains key industry developments and presents valuable first-hand insights from prominent industry practitioners. Contributors include advisors and consultants to the payments and financial services industry, entrepreneurs and business owners utilising cutting-edge PayTech capabilities, academic researchers exploring the social-political-economic impact of PayTech and many others. Detailed chapters cover essential topics such as cybersecurity, regulation and compliance, wholesale payments and how payment systems currently work and how PayTech can improve them. This book: Defines PayTech and identifies its key players Discusses how PayTech can transform developed markets and accelerate growth in emerging economies Describes how PayTech fits into the larger FinTech ecosystem Explores the future of PayTech and its potential as an agent of social change and financial inclusion Provides diverse perspectives on investment in PayTech and what consolidation and expansion will look like The PAYTECH Book: The Payment Technology Handbook for Investors, Entrepreneurs and FinTech Visionaries is an indispensable source of information for FinTech investors and entrepreneurs, managers from payments companies and financial services firms and executives responsible for payments in government, corporations, public sector organisations, retailers and users of payments.

Correspondent Banking

Correspondent Banking PDF Author: United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 388

Book Description


A Report on the Correspondent Banking System

A Report on the Correspondent Banking System PDF Author: United States. Congress. House. Committee on Banking and Currency. Subcommittee on Domestic Finance
Publisher:
ISBN:
Category : Correspondent banks
Languages : en
Pages : 116

Book Description


Overdrafts and Correspondent Banking Practices

Overdrafts and Correspondent Banking Practices PDF Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Bank employees
Languages : en
Pages : 725

Book Description


A Report on the Correspondent Banking System, 88th Congress, 2d Session

A Report on the Correspondent Banking System, 88th Congress, 2d Session PDF Author: Ira O. Scott
Publisher:
ISBN:
Category : Correspondent banks
Languages : en
Pages : 108

Book Description


Role of U.S. Correspondent Banking in International Money Laundering

Role of U.S. Correspondent Banking in International Money Laundering PDF Author: United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 900

Book Description


A Report on the Correspondent Banking System

A Report on the Correspondent Banking System PDF Author: United States. Congress. House. Banking and Currency Committee
Publisher:
ISBN:
Category :
Languages : en
Pages : 110

Book Description


The Withdrawal of Correspondent Banking Relationships

The Withdrawal of Correspondent Banking Relationships PDF Author: Mrs.Michaela Erbenova
Publisher: International Monetary Fund
ISBN: 149837509X
Category : Business & Economics
Languages : en
Pages : 42

Book Description
This paper focuses on the withdrawal of correspondent banking relationships (CBRs) in some jurisdictions post-global financial crisis. It describes existing evidence and consequences of the withdrawal of CBRs and explores drivers of this phenomenon drawing on recent surveys and select country information. While the withdrawal of CBRs has reached a critical level in some affected countries, which can have a systemic impact if unaddressed, macroeconomic consequences have not been identified so far at a global level. The paper presents responses from the international community to address this phenomenon, and explains the role that the IMF has been playing in this global effort, especially with regards to supporting member countries in the context of surveillance and technical assistance, facilitating dialogue among stakeholders, and encouraging data gathering efforts. The paper concludes by suggesting policy responses by public and private sector stakeholders needed to further mitigate potential negative impacts that could undermine financial stability, inclusion, growth and development goals.

107-1 Hearings: Role of U.S. Correspondent Banking in International Money Laundering, S. Hrg. 107-84, Vol. 1 of 5, March 1, 2, and 6, 2001

107-1 Hearings: Role of U.S. Correspondent Banking in International Money Laundering, S. Hrg. 107-84, Vol. 1 of 5, March 1, 2, and 6, 2001 PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 1004

Book Description