Are Global Banks Cutting Off Customers in Developing and Emerging Economies?

Are global banks cutting off customers in emerging economies?

Global banks have been limiting correspondent banking relationships (CBRs) with local banks in developing countries – a practice referred to as “de-risking.” These relationships connect local economies with the international financial system and are essential to making payments across borders. They underpin international trade, remittances, and financing of humanitarian work. Who is impacted the most and what can we do about it?

Are Global Banks Cutting Off Customers in Developing and Emerging Economies?

Are Global Banks Cutting Off Customers in Developing and Emerging Economies?