{
  "title": "Recent Trends in Correspondent Banking Relationships: Further Considerations",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2017/04/21/recent-trends-in-correspondent-banking-relationships-further-considerations",
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  "summary": "Correspondent banking relationships (CBRs), which facilitate global trade and economic activity, have been under pressure in several countries.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Publication date: April 21, 2017\n- Topic: Correspondent banking relationships (CBRs) and recent pressures on those relationships."
    },
    {
      "heading": "Summary",
      "content": "- Correspondent banking relationships (CBRs), which facilitate global trade and economic activity, have been under pressure in several countries.\n- So far, cross-border payments have remained stable and economic activity has been largely unaffected, despite a recent slight decrease in the number of CBRs.\n- In a limited number of countries, financial fragilities have been accentuated as their cross-border flows are concentrated through fewer CBRs or maintained through alternative arrangements.\n- These fragilities could undermine affected countries’ long-run growth and financial inclusion prospects by increasing costs of financial services and negatively affecting bank ratings."
    },
    {
      "heading": "Key findings and observations",
      "content": "- Cross-border payments: remained stable.\n- Number of CBRs: recent slight decrease.\n- Concentration risk: cross-border flows in some countries are concentrated through fewer CBRs.\n- Alternative arrangements: some countries maintain cross-border flows through alternative arrangements.\n- Potential consequences:\n  - Increased costs of financial services.\n  - Negative effects on bank ratings.\n  - Risks to long-run growth and financial inclusion prospects."
    },
    {
      "heading": "Implications for affected countries",
      "content": "- Concentration of cross-border flows through fewer CBRs or reliance on alternative arrangements can accentuate financial fragilities.\n- Financial fragilities may translate into higher costs for users of financial services and poorer bank creditworthiness as reflected in bank ratings.\n- These effects pose risks to long-run economic growth and financial inclusion.\n\nRecent Trends in Correspondent Banking Relationships: Further Considerations, April 21, 2017 (USA: International Monetary Fund,) accessed 9/17/2026\n\n---\n\n Content in this bundle\n\n- Recent Trends in Correspondent Banking Relationships: Further Considerations, April 21, 2017\n  - Recent Trends in Correspondent Banking Relationships: Further Considerations, April 21, 2017 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Recent Trends in Correspondent Banking Relationships: Further Considerations, April 21, 2017 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2017/04/21/recent-trends-in-correspondent-banking-relationships-further-considerations"
    }
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    "Published: April 21, 2017",
    "Publication date: April 21, 2017",
    "Topic: Correspondent banking relationships (CBRs) and recent pressures on those relationships.",
    "Correspondent banking relationships (CBRs), which facilitate global trade and economic activity, have been under pressure in several countries.",
    "So far, cross-border payments have remained stable and economic activity has been largely unaffected, despite a recent slight decrease in the number of CBRs.",
    "In a limited number of countries, financial fragilities have been accentuated as their cross-border flows are concentrated through fewer CBRs or maintained through alternative arrangements.",
    "These fragilities could undermine affected countries’ long-run growth and financial inclusion prospects by increasing costs of financial services and negatively affecting bank ratings.",
    "Cross-border payments: remained stable.",
    "Number of CBRs: recent slight decrease.",
    "Concentration risk: cross-border flows in some countries are concentrated through fewer CBRs.",
    "Alternative arrangements: some countries maintain cross-border flows through alternative arrangements.",
    "Potential consequences:",
    "Concentration of cross-border flows through fewer CBRs or reliance on alternative arrangements can accentuate financial fragilities.",
    "Financial fragilities may translate into higher costs for users of financial services and poorer bank creditworthiness as reflected in bank ratings.",
    "These effects pose risks to long-run economic growth and financial inclusion.",
    "**Recent Trends in Correspondent Banking Relationships: Further Considerations, April 21, 2017**"
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