Understanding Correspondent Banking Trends: A Monitoring Framework

October 4, 2017

Preview Citation

Format: Chicago

Dirk Jan Grolleman, and David Jutrsa. Understanding Correspondent Banking Trends: A Monitoring Framework, (USA: International Monetary Fund, 2017) accessed December 26, 2024

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.

Summary

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.

Subject: Banking, Commercial banks, Correspondent banking, Currencies, Data collection, Economic and financial statistics, Expenditure, Financial institutions, Financial services, Money, Public expenditure review

Keywords: Bank data, Banking system, CBR development, Commercial banks, Correspondent Banking, Correspondent Banking Relationships, Currencies, Data collection, Global, Nostro account, Ordering bank, Public expenditure review, Reporting bank, Respondent bank, WP

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2017/216
Stock No:

WPIEA2017216
ISBN:

9781484323625
ISSN:

1018-5941

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