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Expanding bank outreach through retail partnership: correspondent banking in Brazil

By: Contributor(s): Series: World Bank Working Paper, no. 85Publication details: Washington, D. C. World Bank 2006Description: vii, 50 pISBN:
  • 9780821367025
Subject(s): DDC classification:
  • 332.10981
Summary: "This paper explores the extent to which formal, regulated financial institutions such as banks have been able to partner with ""correspondents"" - commercial entities whose primary objective and business is other than the provision of financial services. The paper illustrates the case of Brazil, where banks recently have developed extensive networks of such correspondents. Such arrangements result in lower costs and shared risks for participating financial institutions, making these arrangements an attractive vehicle for outreach to the underserved. Correspondent banking requires an enabling environment to emerge, and poses some regulatory challenges and some increase in risk. While there are reasons why this model was particularly successful in Brazil, it may be replicable elsewhere if appropriate regulatory adjustments are undertaken"
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Item type Current library Item location Shelving location Call number Status Date due Barcode
Books Vikram Sarabhai Library Rack 18-A / Slot 662 (0 Floor, West Wing) General Stacks WB 332.10981 K8E9 (Browse shelf(Opens below)) Available 161107

"This paper explores the extent to which formal, regulated financial institutions such as banks have been able to partner with ""correspondents"" - commercial entities whose primary objective and business is other than the provision of financial services. The paper illustrates the case of Brazil, where banks recently have developed extensive networks of such correspondents. Such arrangements result in lower costs and shared risks for participating financial institutions, making these arrangements an attractive vehicle for outreach to the underserved. Correspondent banking requires an enabling environment to emerge, and poses some regulatory challenges and some increase in risk. While there are reasons why this model was particularly successful in Brazil, it may be replicable elsewhere if appropriate regulatory adjustments are undertaken"

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