## Understanding Correspondent Banking Trends: A Monitoring Framework

_IMF Working Papers, October 4, 2017_

## Source details

**Canonical URL:** [Understanding Correspondent Banking Trends: A Monitoring Framework](https://www.imf.org/en/publications/wp/issues/2017/10/04/understanding-correspondent-banking-trends-a-monitoring-framework-45318)

## Other formats

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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

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### 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

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## 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)](/-/media/files/publications/wp/2017/wp17216.pdf.md){rel="alternate" type="text/markdown"}
  - [Understanding Correspondent Banking Trends: A Monitoring Framework, WP/17/216, October 2017 (PDF)](/-/media/files/publications/wp/2017/wp17216.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/wp/issues/2017/10/04/understanding-correspondent-banking-trends-a-monitoring-framework-45318_