Central Banking

CPMI tracks further decline in correspondent banking

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Correspondent banking is still in retreat across all regions worldwide, the latest data published by the Committee on Payments and Market Infrastructures (CPMI) shows.

Since 2011, the number of active correspondent banks – a key part of the global payments network – has fallen by 22%. The number of correspondents fell across all regions, with Latin America suffering the sharpest decline and North America the mildest. By levels of development, emerging markets and “small island developing states

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