## Figure 1.6.1. Correspondent Banking

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**Canonical URL:** [Figure 1.6.1. Correspondent Banking](https://www.imf.org/-/media/files/publications/gfsr/2018/oct/ch1/pdf/boxfigure1-6-1.pdf)

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### Declining trend in correspondent banking relationships
- The declining trend in correspondent banking relationships remains a concern.
- While the number of active corridors is decreasing, concentration within remaining corridors appears to decline.

### Time coverage
- Jan. 2011–Jun. 17
- Jun. 2016–Jun. 17

### Regional breakdown of active counterparty countries (Percent)
- Regions depicted: Africa; Latin America; Asia; Eastern Europe; Western Europe; North America; Oceania.
- Definition: An active corridor (or counterparty country) is a country pair where at least one SWIFT transaction has taken place in either direction during the observed time period. In a corridor, multiple correspondent banks can be active and transact with respondent banks.

### Concentration of active correspondents
- Metric shown: Gini coefficient on the number of active correspondents per corridor (Gini coefficient per corridor, three-month moving average).
- Reported Gini coefficient values: 0.765, 0.770, 0.766, 0.767, 0.768, 0.769.

### Key takeaways
- Active corridors have been decreasing over the observed periods (Jan. 2011–Jun. 17 and Jun. 2016–Jun. 17).
- Despite fewer active corridors, measured concentration within corridors (as captured by the Gini coefficient) shows values in the 0.765–0.770 range, indicating relatively high but slightly varying concentration across the sample observations.

*Sources: Financial Stability Board Correspondent Banking Data Report Update (March 2018); and IMF staff estimates.*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/oct/ch1/pdf/boxfigure1-6-1.pdf_