BIS research finds 20% drop in active correspondent banks

Big data

The number of active correspondent banks has declined sharply in recent years and threatens to push people into less regulated parts of the financial system, research published by the Bank for International Settlements warns.

Tara Rice, Goetz von Peter and Codruta Boar analyse data from Swift to show the number of active correspondents has fallen 20% since 2011.

“Virtually all” countries lost correspondents over the period, although Latin America was the worst affected.

Over the same period

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account