Banks

More from the Series

Blog Post
Can Technology Solve the De-risking Problem?
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Jim Woodsome
September 20, 2017
In recent years, regulators have raised their expectations for what counts as adequate AML/CFT compliance. At the same time, they have cracked down on institutions that have fallen short. While arguably necessary, this more stringent enforcement has produced some unintended side effects. I...
Blog Post
The G20’s Commitment to Basel III: How will Emerging Markets be Affected? A New CGD Working Group Investigates
July 13, 2017
CGD is establishing a high-level Working Group, composed of leading experts on Basel III and economic development, that will identify challenges for emerging markets’ financial stability and development derived from the global implementation of Basel III. Effective and appropriate implementati...
Blog Post
Financial Stability Board Echoes CGD Finding on Decline in Correspondent Banking
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Jim Woodsome
July 10, 2017
The Financial Stability Board's long-awaited report finds that the number of active CBRs has declined by 6 percent since 2011 and has continued through 2016, affecting all regions and major international currencies. The analysis suggests that small economies are among the most affected by C...
WORKING PAPERS
The Impact of Anti-Money Laundering Regulation on Payment Flows: Evidence from SWIFT Data - Working Paper 445
December 20, 2016
Regulatory pressure on international banks to fight money laundering (ML) and terrorist financing (TF) increased substantially in the past decade. We find countries that have been added to a high-risk greylist face up to a 10% decline in the number of cross border payments received from other jurisd...
Blog Post
Financial Stability Board Acts to Assess the Decline in Cross-Border Banking
September 07, 2016
Last November, a CGD working group of experts convened to address the unintended consequences of anti-money laundering (AML) policies for poor countries, where they recommended that the Financial Stability Board (FSB) should take the lead on addressing problematic de-risking...
Blog Post
Progress Towards Reducing the Unintended Consequences of Anti-Money Laundering Policies for Poor Countries
July 20, 2016
Last November, we released a report on the unintended consequences of anti-money laundering policies for poor countries that focused on remittances, corresponding banking, and the delivery of humanitarian aid. Today, we are pleased to report progress towards reducing the negative, unintend...