Understanding Correspondent Banking Trends: A Monitoring Framework

IMF Working Papers, October 4, 2017

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Understanding Correspondent Banking Trends: A Monitoring Framework

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Bibliographic details

• Authors: Dirk Jan Grolleman, David Jutrsa
• Published: October 4, 2017
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781484323625.001

Overview and Purpose

• Authors: Dirk Jan Grolleman, David Jutrsa
• Publication date: October 4, 2017
• Purpose: Discusses a framework that can be readily used by central banks and supervisory authorities to effectively monitor the developments of correspondent banking relationships (CBRs) in their jurisdiction.
• Core concern: Withdrawal of CBRs may have potential adverse consequences on international trade, growth, financial inclusion, and the stability and integrity of the financial system.

Framework Components and Tools

• Monitoring framework explained for use by central banks and supervisory authorities.
• Includes:
  • Necessary reporting templates for data collection on CBRs.
  • An analytical tool for the collection of data and analysis of CBRs.

Key Findings and Implications (as described)

• The withdrawal of correspondent banking relationships (CBRs) remains a concern for the international community.
• In affected jurisdictions, declines in CBRs could have potential adverse consequences on:
  • International trade
  • Growth
  • Financial inclusion
  • Stability and integrity of the financial system

Intended Users and Applications

• Central banks
• Supervisory authorities
• Policymakers seeking to monitor and analyze CBR developments within jurisdictions

Subject Tags and Keywords (as provided)

• Subjects: 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

Content in this bundle

• Understanding Correspondent Banking Trends: A Monitoring Framework, WP/17/216, October 2017
  • Understanding Correspondent Banking Trends: A Monitoring Framework, WP/17/216, October 2017 (Markdown version)
  • Understanding Correspondent Banking Trends: A Monitoring Framework, WP/17/216, October 2017 (PDF)