Bank de-risking is not a new phenomenon. It is not one of the multitude of changes we have seen in the wake of COVID-19 sweeping the globe. It is also, unfortunately, not something that we can look back on as an issue that has been left in the past.
Big banks have been protecting themselves from risk for generations; withdrawing from entire markets and geographies and using strict rule-based assessments to decline potentially high-risk applications. This practice is creating fundamental threats for smaller banks as well as Non-Bank Financial Institutions (NBFIs), and could have global and societal implications for generations to come.
Our latest research looks at how bank de-risking strategies across Europe are affecting smaller Financial Institutions (FIs), including banks and NBFIs. It also investigates how well the current correspondent banking offering serves these firms, and how the existing offering, coupled with de-risking, is compounding financial exclusion for many of their customers.
While de-risking may be nothing new, its impact is growing, and the industry must come together to reverse this change and increase financial inclusion.
Included Contents in this e-Book:
- The History of DE-risking
- Relationship Status
- Causes And Impacts Of Change
- Correspondent Banking Options
- Conclusion-finding A Solution
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