Banks operating in challenging jurisdictions have had to contend with an ever-decreasing number of correspondent banking relationships, as Tier 1 banks retrench due to the complexity and risk associated with these markets.
The Banker Masterclass series is sponsored by Banking Circle but independently edited.
In discussion:
Drivers of de-risking – Mitch Trehan, UK head of compliance and money laundering reporting officer, Banking Circle, talks to The Banker’s Joy Macknight and outlines the reasons behind the current trend of Tier 1 banks pulling out of high-risk jurisdictions and the impact it is having on other banks and fintechs.
Current correspondent relationships – Mitch Trehan talks to The Banker’s Joy Macknight about how correspondent banking relationships have changed and what impact that has had on banks operating in badly affected jurisdictions.
Fit for purpose? – Mitch Trehan talks to The Banker’s Joy Macknight about whether the current correspondent banking set up is fit for purpose for modern world of cross-border payment flows.
Designing a new approach – Mitch Trehan talks to The Banker’s Joy Macknight about a new approach to correspondent banking that has the potential to solve the de-risking conundrum.
In conversation with:
Joy Macknight, editor, The Banker
Mitch Trehan, UK head of compliance and money laundering reporting officer, Banking Circle
