Understanding Correspondent Banking Trends: A Monitoring Framework

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Publisher : International Monetary Fund
ISBN 13 : 148432434X
Total Pages : 48 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Understanding Correspondent Banking Trends: A Monitoring Framework by : Dirk Jan Grolleman

Download or read book Understanding Correspondent Banking Trends: A Monitoring Framework written by Dirk Jan Grolleman and published by International Monetary Fund. This book was released on 2017-10-04 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The withdrawal of correspondent banking relationships (CBRs) remains a concern for the international community because, in affected jurisdictions, the decline could have potential adverse consequences on international trade, growth, financial inclusion, and the stability and integrity of the financial system. Building on existing initiatives and IMF technical assistance, this paper discusses a framework that can be readily used by central banks and supervisory authorities to effectively monitor the developments of CBRs in their jurisdiction. The working paper explains the monitoring framework and includes the necessary reporting templates and an analytical tool for the collection of data and analysis of CBRs.

Law & Financial Stability

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Publisher : International Monetary Fund
ISBN 13 : 1513523007
Total Pages : 312 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Law & Financial Stability by : International Monetary Fund. Legal Dept.

Download or read book Law & Financial Stability written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2020-01-21 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume comprises a selection of papers prepared in connection with a high-level seminar on Law and Financial Stability held at the IMF in 2016. It examines, from a legal perspective, the progress made in implementing the financial regulatory reforms adopted since the global financial crisis and highlights the role of the IMF in advancing these reforms and charting the course for a future reform agenda, including the development of a coherent international policy framework for resolution and resolution planning. The book’s unique perspective on the role of the law in promoting financial stability comes from the contribution of selected experts and representatives from our membership who share their views on this subject.

List of IMF Member Countries with Delays in Completion of Article IV Consultations or Mandatory Financial Stability Assessments over 18 Months

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Publisher : International Monetary Fund
ISBN 13 : 1513524704
Total Pages : 316 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis List of IMF Member Countries with Delays in Completion of Article IV Consultations or Mandatory Financial Stability Assessments over 18 Months by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book List of IMF Member Countries with Delays in Completion of Article IV Consultations or Mandatory Financial Stability Assessments over 18 Months written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2019-12-27 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: In accordance with Executive Board Decision No. 15106-(12/21), the Fund will publish on its external website a list of member countries whose Article IV consultations or mandatory financial stability assessments have been delayed by more than 18 months, as of December 15, 2019, since the expected deadline for conclusion.

The Withdrawal of Correspondent Banking Relationships

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Publisher : International Monetary Fund
ISBN 13 : 1498336531
Total Pages : 42 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Withdrawal of Correspondent Banking Relationships by : Mrs.Michaela Erbenova

Download or read book The Withdrawal of Correspondent Banking Relationships written by Mrs.Michaela Erbenova and published by International Monetary Fund. This book was released on 2016-06-30 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on the withdrawal of correspondent banking relationships (CBRs) in some jurisdictions post-global financial crisis. It describes existing evidence and consequences of the withdrawal of CBRs and explores drivers of this phenomenon drawing on recent surveys and select country information. While the withdrawal of CBRs has reached a critical level in some affected countries, which can have a systemic impact if unaddressed, macroeconomic consequences have not been identified so far at a global level. The paper presents responses from the international community to address this phenomenon, and explains the role that the IMF has been playing in this global effort, especially with regards to supporting member countries in the context of surveillance and technical assistance, facilitating dialogue among stakeholders, and encouraging data gathering efforts. The paper concludes by suggesting policy responses by public and private sector stakeholders needed to further mitigate potential negative impacts that could undermine financial stability, inclusion, growth and development goals.

Labor Migration in Asia: Increasing the Development Impact of Migration through Finance and Technology

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Author :
Publisher : OECD Publishing
ISBN 13 : 926428964X
Total Pages : 131 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis Labor Migration in Asia: Increasing the Development Impact of Migration through Finance and Technology by : OECD

Download or read book Labor Migration in Asia: Increasing the Development Impact of Migration through Finance and Technology written by OECD and published by OECD Publishing. This book was released on 2018-04-04 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report documents the increase in labor migration in Asia and looks at how finance and technology can aid its positive impact on home countries. As diasporas increase, governments have reached out to citizens abroad to provide them with financial instruments. Remittance channels have long ...

Frontier Topics in Banking

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Publisher : Springer
ISBN 13 : 3030162958
Total Pages : 392 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Frontier Topics in Banking by : Elisabetta Gualandri

Download or read book Frontier Topics in Banking written by Elisabetta Gualandri and published by Springer. This book was released on 2019-05-28 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this book is twofold: Firstly to focus on the development of new instruments and topics in the financial industry. Secondly to analyze the development of “old” themes applied to different international contexts, such as cross-border banking and the role of government financial resources in China. With these goals in mind, the book explores the investigation of new instruments for the financing of SMEs and new ventures, such as mini bonds and equity crowdfunding. Additionally, it covers the field of corporate governance and corporate social responsibility including financial inclusion, gender roles, disclosure, social media roles and litigation. The book also investigates the choices followed by the Royal Swedish Academy in the selection of Nobel laureates in economics science to analyze their influence on the financial industry. Geared to banking academics, researchers and students, this book uncovers the most prominent issues within the banking industry today.

Cabo Verde

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Publisher : International Monetary Fund
ISBN 13 : 1484352335
Total Pages : 15 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Cabo Verde by : International Monetary Fund. African Dept.

Download or read book Cabo Verde written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2018-04-18 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper provides an overview of the nature and scope of corresponding banking relationships (CBRs) withdrawals in Cabo Verde and discusses policy options to address this challenge. The paper reports the results of a bank level survey and employs the minimum scope framework developed by Grolleman and Jutrsa (2017) on Cabo Verdean bank level data for 2014–2017. Banks in Cabo Verde have experienced a reduction in CBRs since 2013. Bank level survey shows that the terminations are broad based and involves both the central bank and commercial banks. The impact on the banking system has so far been minimal but banks reported facing increased cost of US dollar transactions. The results using the minimum scope framework shows that value of payment flows declined significantly between 2014 and 2016. There is a need for coordinated efforts by all relevant stakeholders at the institutional, national, and regional levels to contribute their knowledge and skills to the resolution of the problem.

Sudan

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Publisher : International Monetary Fund
ISBN 13 : 1484331729
Total Pages : 23 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Sudan by : International Monetary Fund. Middle East and Central Asia Dept.

Download or read book Sudan written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2017-12-12 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explains that in Sudan, the public information campaign should be launched as early as possible following a decision to phase out subsidies. This campaign should comprise wide-ranging consultations with all stakeholders, and should inform the public about the high costs and unequal distribution of the subsidy benefits. Cash transfers could be used to mitigate the impact of fuel subsidy removal on the lowest income groups. In the case of the removal of subsidies on fuel products, it is estimated that the cost of compensating the lowest income groups could be achieved at a cost of less than 1 percent of GDP a year. Two decades of economic sanctions led to the exit of most Correspondent Banking Relationships (CBRs) from Sudan, and weighed heavily on trade, investment, growth, and humanitarian relief. In 2017, the United States revoked trade and financial sanctions, while sanctions imposed by the UN, and other countries, including the EU, remain applicable.

IMF Research Bulletin, Fall 2017

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Publisher : International Monetary Fund
ISBN 13 : 1484327233
Total Pages : 15 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis IMF Research Bulletin, Fall 2017 by : International Monetary Fund. Research Dept.

Download or read book IMF Research Bulletin, Fall 2017 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2017-11-09 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fall 2017 IMF Research Bulletin includes a Q&A article covering "Seven Questions on the Globalization of Farmland" by Christian Bogmans. The first research summary, by Manmohan Singh and Haobing Wang is "Central Bank Balance Sheet Policies: Some Policy Implications." The second research summary is "Leaning Against the Windy Bank Lending" by Giovanni Melina and Stefania Villa. A listing of new IMF Working Papers and Staff Discussion Notes is featured, as well as new titles from IMF Publications. Information on IMF Economic Review is also included.

Recent Trends in Correspondent Banking Relationships

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Publisher : International Monetary Fund
ISBN 13 : 1498346901
Total Pages : 59 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Recent Trends in Correspondent Banking Relationships by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Recent Trends in Correspondent Banking Relationships written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2017-04-21 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. However, 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.

The Federal Reserve System Purposes and Functions

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Publisher :
ISBN 13 : 9780894991967
Total Pages : 0 pages
Book Rating : 4.9/5 (919 download)

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Book Synopsis The Federal Reserve System Purposes and Functions by : Board of Governors of the Federal Reserve System

Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Challenges in Correspondent Banking in the Small States of the Pacific

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Publisher : International Monetary Fund
ISBN 13 : 1475593473
Total Pages : 29 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Challenges in Correspondent Banking in the Small States of the Pacific by : Jihad Alwazir

Download or read book Challenges in Correspondent Banking in the Small States of the Pacific written by Jihad Alwazir and published by International Monetary Fund. This book was released on 2017-04-07 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Access to financial services in the small states of the Pacific is being eroded. Weaknesses in Anti-Money Laundering and Combating the Financing of Terrorism compliance in the context of high levels of remittances are contributing to banks’ decisions to withdraw corresponding banking relationships and close bank accounts of money transfer operators. In this paper, we gather evidence on these developments in the small states of the Pacific, discuss the main drivers, and the potentially negative impact on the financial sector and macroeconomy. We then identify the collective efforts needed to address the consequences of withdrawal of corresponding banking relationships and outline policy measures to help the affected countries mitigate the impact.

International Monetary Fund Annual Report 2017

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Publisher : International Monetary Fund
ISBN 13 : 1475563256
Total Pages : 114 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis International Monetary Fund Annual Report 2017 by : International Monetary Fund

Download or read book International Monetary Fund Annual Report 2017 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2017-10-05 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the past financial year, the IMF’s 189 member countries faced a number of pressing challenges. IMF work on these challenges - slower trade, declining productivity, gender inequality, inclusive growth, and debt management - is a central focus of this 2017 Annual Report.

Fintech and Financial Services

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Publisher : International Monetary Fund
ISBN 13 : 1484303776
Total Pages : 49 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Fintech and Financial Services by : Mr.Dong He

Download or read book Fintech and Financial Services written by Mr.Dong He and published by International Monetary Fund. This book was released on 2017-06-19 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new wave of technological innovations, often called “fintech,” is accelerating change in the financial sector. What impact might fintech have on financial services, and how should regulation respond? This paper sets out an economic framework for thinking through the channels by which fintech might provide solutions that respond to consumer needs for trust, security, privacy, and better services, change the competitive landscape, and affect regulation. It combines a broad discussion of trends across financial services with a focus on cross-border payments and especially the impact of distributed ledger technology. Overall, the paper finds that boundaries among different types of service providers are blurring; barriers to entry are changing; and improvements in cross-border payments are likely. It argues that regulatory authorities need to balance carefully efficiency and stability trade-offs in the face of rapid changes, and ensure that trust is maintained in an evolving financial system. It also highlights the importance of international cooperation.

The Payment System

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Publisher :
ISBN 13 : 9789289906333
Total Pages : 369 pages
Book Rating : 4.9/5 (63 download)

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Book Synopsis The Payment System by : Tom Kokkola

Download or read book The Payment System written by Tom Kokkola and published by . This book was released on 2010 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book is designed to provide the reader with an insight into the main concepts involved in the handling of payments, securities and derivatives and the organisation and functioning of the market infrastructure concerned. Emphasis is placed on the general principles governing the functioning of the relevant systems and processes and the presentation of the underlying economic, business, legal, institutional, organisational and policy issues. The book is aimed at decision-makers, practitioners, lawyers and academics wishing to acquire a deeper understanding of market infrastructure issues. It should also prove useful for students with an interest in monetary and financial issues."--Introduction (Pg. 20, para 8).

General Principles for International Remittance Services

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis General Principles for International Remittance Services by : Group of Ten. Committee on Payment and Settlement Systems

Download or read book General Principles for International Remittance Services written by Group of Ten. Committee on Payment and Settlement Systems and published by . This book was released on 2007 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Monetary Fund Annual Report 2018

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Publisher : International Monetary Fund
ISBN 13 : 1484373456
Total Pages : 108 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis International Monetary Fund Annual Report 2018 by : International Monetary Fund

Download or read book International Monetary Fund Annual Report 2018 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2018-10-02 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past year was one of growing economic anxiety tied to skepticism about both economic integration and an international approach to economic policy making. To help make globalization work for all, the IMF focused on providing policy advice in many macro-critical areas.