Podcast: When Global Banks Become Less Global
Listen to IMF economists and other experts discuss key economic and financial issues of the day. Click on the play button. Alternatively, download the audio MP3 file—a popular digital music format for sound files. Broadcasters: this facility is also being made available to enable these podcasts to be broadcast on radio outlets free of charge. Also available in SoundCloud
When Global Banks Become Less Global
June 30, 2016
Global banks doing less business in smaller countries making remittances more difficult. |
Many of the world’s bigger banks are reevaluating their relationships with banks in smaller, sometimes riskier countries, making it harder for businesses and people to move money across borders. The process is commonly known as De-Risking. IMF Staff have recently published a research paper entitled The Withdrawal of Correspondent Banking Relationships. In this podcast, we speak with coauthor Yan Liu. Yan Liu, Assistant General Counsel in the IMF’s legal Department. |
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