correspondent banking RSS
25% drop in global correspondent banking relationships linked to de-risking
Recent correspondent banking research has revealed that between 2009 and 2016, correspondent banking relationships, where one financial institution provides services on behalf of another in a different location to facilitate cross-border payments, have reduced globally by 25%. This comes despite the fact that global GDP per capita grew during the same period, following the 2008 [...]
The post 25% drop in global correspondent banking relationships linked to de-risking appeared first on Payments Cards & Mobile.