Swimming with Sharks

How To Protect Your Bank From The Contraction In Correspondent Banking

In the complex eco system of international banking all banks are exposed to the risk management failings, prejudices and transformational journeys of competitors, counterparties and correspondents.

If you are running a smaller bank, you are adept at adapting to risk.

But unprecedented regulatory pressure to improve financial crime risk management in the big banks has led to a massive contraction of global correspondent banking services.

The ability to offer major currency payment and settlement options will be important to you and may even be existential.

But withdrawal by one or more of your major Correspondents can be unexpected, swift and brutal.

You likely have no right of appeal and little business leverage.

So how can you protect your bank from a withdrawal of Correspondent Banking Services.

Or fight it effectively if it happens?

Moneta has unrivalled expertise in this exact subject.

Moneta provides Board & EXCO consulting and education to enable you to better understand and manage the inherent non financial risk in your markets, your clients, your products and your people.

We know what the bigger banks now look for when offering correspondent banking services. And what makes them decide who to drop.

And we know how to prepare a case to make correspondents comfortable with smaller banks.

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Please do not hesitate to contact us to find out more.