Report on the G20 Survey in De-Risking Activities in the Remittance Market
In September 2014, the Group of Twenty (G20) Global Partnership for Financial Inclusion (GPFI) requested the World Bank Group to undertake a survey in the G20 countries on the issue of commercial banks’ actions to de-risk their operations, specific...
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/11/25478384/report-g20-survey-de-risking-activities-remittance-market http://hdl.handle.net/10986/23327 |
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okr-10986-233272021-04-23T14:04:14Z Report on the G20 Survey in De-Risking Activities in the Remittance Market World Bank Group TERRORISM DEPOSIT FINANCIAL SERVICES REGULATORY FRAMEWORK MARKET STRUCTURE ECONOMIC GROWTH PEOPLE PAYMENT SERVICE MONEY LAUNDERING FINANCING PRINCIPAL INTEREST ACCESS TO PAYMENT DEPOSIT TAKING INSTITUTIONS INDUSTRY REMITTANCE EXCHANGE OPTION PAYMENT SYSTEM BANKING SERVICES SERVICES DEVELOPING COUNTRIES BANK ACCOUNT ACCESS TO BANK EXCLUSION HOUSING REVENUES MONEY TRANSFER PORTFOLIO WELFARE PROVISION OF FINANCE ACCESS POINT REMITTANCE SERVICES REGULATORY SCRUTINY PAYMENTS CREDIT INSTITUTION INTERNATIONAL BANK MARKET INFRASTRUCTURES AGENTS WITHOUT ACCESS REGULATORY AUTHORITIES MICROFINANCE INSTITUTIONS CENTRAL BANK MARKET PARTICIPANTS ACCESS TO BANKING RISK PERCEPTIONS ANTI-MONEY LAUNDERING INTERNATIONAL FINANCE PUBLIC POLICY POLICY RESPONSE SAVINGS PENALTIES LEGAL PROVISIONS DISBURSEMENT LEVEL OF CONFIDENCE BANKING RELATIONSHIPS UNION TRANSFERS FINANCIAL INSTITUTIONS PAYMENT MARKETS LEGISLATION SETTLEMENT FINANCIAL PRODUCTS RISK PERCEPTION COMPETITIVE MARKET BANKERS ENTERPRISES BANKING ASSOCIATIONS NATIONAL BANKERS FINANCE INFRASTRUCTURE BANKING SECTOR BANKS SUPERVISORY AUTHORITIES TRANSACTIONS INTERNATIONAL STANDARDS PAYMENTS INFRASTRUCTURES MONEY MANAGEMENT GOOD RETAIL BANKING TRANSPARENCY FINANCIAL STABILITY SMALL ENTERPRISES LACK OF ACCESS ACCESS TO BANKS MARKET CONDITIONS FUTURE PUBLIC POLICIES VALUE SOURCE OF INCOME FINANCIAL EXCLUSION BANK CREDIT AMOUNT OF RISK CASH MANAGEMENT ACCESS TO BANK ACCOUNTS INTERNATIONAL CLEARING MARKET SUPERVISORY SANCTIONS ACCESS TO BANKING SERVICES BANK ACCOUNT ACCESS RISK PROFILE FINANCIAL SERVICE SUBSIDIARY BANK ACCOUNTS MICROCREDIT PROFITABILITY GOVERNANCE ACCESS TO CREDIT MICROFINANCE WIRE TRANSFERS MARKET SHARE RISK COMMERCIAL BANKS SHARE PAYMENT SERVICES REMITTANCE SERVICE POVERTY INTERNATIONAL STANDARD BANKING REVENUE PRIVATE INVESTMENTS LANGUAGE BARRIERS LEGAL REQUIREMENTS FINANCIAL SUPPORT INVESTMENTS RISK MANAGEMENT LENDING MARKET FINANCE CORRESPONDENT BANKS FEES FAMILIES ACCESS TO BANK ACCOUNT WOMEN OUTREACH REMITTANCES PAYMENT SYSTEMS GOVERNMENTS INTERNATIONAL BANKS CREDIT INSTITUTIONS GUARANTEE CONSUMER PROTECTION ACCOUNT HOLDERS AUDITING RISK MITIGATION DISABLED In September 2014, the Group of Twenty (G20) Global Partnership for Financial Inclusion (GPFI) requested the World Bank Group to undertake a survey in the G20 countries on the issue of commercial banks’ actions to de-risk their operations, specifically in relation to non-bank international remittance service providers or, as they are alternatively referred to throughout this report, money transfer operators (MTOs). The objective of the survey was to assess the status of the de-risking phenomenon in the G20 countries, and to collect evidence from which conclusions on the main drivers and the impact for the MTO market could be drawn. The key findings of this survey and the relative recommendations on potential actions are provided in this report to assist the G20 governments, standard setting bodies, private sector entities and the other relevant stakeholders in the financial sector on future discussions on this topic. In addition to working with the G20 on de-risking in the remittance market, the World Bank Group collaborated with the Financial Stability Board (FSB) and the Committee on Payments and Market Infrastructures (CPMI) to conduct a global survey on access to foreign correspondent banking relationships. This survey is focused on banking authorities, large international banks, and regional/local banks. The G20 Finance Ministers and Central Bank Governors endorsed this work in February 2015. 2015-12-10T23:32:19Z 2015-12-10T23:32:19Z 2015-10-01 Working Paper http://documents.worldbank.org/curated/en/2015/11/25478384/report-g20-survey-de-risking-activities-remittance-market http://hdl.handle.net/10986/23327 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
TERRORISM DEPOSIT FINANCIAL SERVICES REGULATORY FRAMEWORK MARKET STRUCTURE ECONOMIC GROWTH PEOPLE PAYMENT SERVICE MONEY LAUNDERING FINANCING PRINCIPAL INTEREST ACCESS TO PAYMENT DEPOSIT TAKING INSTITUTIONS INDUSTRY REMITTANCE EXCHANGE OPTION PAYMENT SYSTEM BANKING SERVICES SERVICES DEVELOPING COUNTRIES BANK ACCOUNT ACCESS TO BANK EXCLUSION HOUSING REVENUES MONEY TRANSFER PORTFOLIO WELFARE PROVISION OF FINANCE ACCESS POINT REMITTANCE SERVICES REGULATORY SCRUTINY PAYMENTS CREDIT INSTITUTION INTERNATIONAL BANK MARKET INFRASTRUCTURES AGENTS WITHOUT ACCESS REGULATORY AUTHORITIES MICROFINANCE INSTITUTIONS CENTRAL BANK MARKET PARTICIPANTS ACCESS TO BANKING RISK PERCEPTIONS ANTI-MONEY LAUNDERING INTERNATIONAL FINANCE PUBLIC POLICY POLICY RESPONSE SAVINGS PENALTIES LEGAL PROVISIONS DISBURSEMENT LEVEL OF CONFIDENCE BANKING RELATIONSHIPS UNION TRANSFERS FINANCIAL INSTITUTIONS PAYMENT MARKETS LEGISLATION SETTLEMENT FINANCIAL PRODUCTS RISK PERCEPTION COMPETITIVE MARKET BANKERS ENTERPRISES BANKING ASSOCIATIONS NATIONAL BANKERS FINANCE INFRASTRUCTURE BANKING SECTOR BANKS SUPERVISORY AUTHORITIES TRANSACTIONS INTERNATIONAL STANDARDS PAYMENTS INFRASTRUCTURES MONEY MANAGEMENT GOOD RETAIL BANKING TRANSPARENCY FINANCIAL STABILITY SMALL ENTERPRISES LACK OF ACCESS ACCESS TO BANKS MARKET CONDITIONS FUTURE PUBLIC POLICIES VALUE SOURCE OF INCOME FINANCIAL EXCLUSION BANK CREDIT AMOUNT OF RISK CASH MANAGEMENT ACCESS TO BANK ACCOUNTS INTERNATIONAL CLEARING MARKET SUPERVISORY SANCTIONS ACCESS TO BANKING SERVICES BANK ACCOUNT ACCESS RISK PROFILE FINANCIAL SERVICE SUBSIDIARY BANK ACCOUNTS MICROCREDIT PROFITABILITY GOVERNANCE ACCESS TO CREDIT MICROFINANCE WIRE TRANSFERS MARKET SHARE RISK COMMERCIAL BANKS SHARE PAYMENT SERVICES REMITTANCE SERVICE POVERTY INTERNATIONAL STANDARD BANKING REVENUE PRIVATE INVESTMENTS LANGUAGE BARRIERS LEGAL REQUIREMENTS FINANCIAL SUPPORT INVESTMENTS RISK MANAGEMENT LENDING MARKET FINANCE CORRESPONDENT BANKS FEES FAMILIES ACCESS TO BANK ACCOUNT WOMEN OUTREACH REMITTANCES PAYMENT SYSTEMS GOVERNMENTS INTERNATIONAL BANKS CREDIT INSTITUTIONS GUARANTEE CONSUMER PROTECTION ACCOUNT HOLDERS AUDITING RISK MITIGATION DISABLED |
| spellingShingle |
TERRORISM DEPOSIT FINANCIAL SERVICES REGULATORY FRAMEWORK MARKET STRUCTURE ECONOMIC GROWTH PEOPLE PAYMENT SERVICE MONEY LAUNDERING FINANCING PRINCIPAL INTEREST ACCESS TO PAYMENT DEPOSIT TAKING INSTITUTIONS INDUSTRY REMITTANCE EXCHANGE OPTION PAYMENT SYSTEM BANKING SERVICES SERVICES DEVELOPING COUNTRIES BANK ACCOUNT ACCESS TO BANK EXCLUSION HOUSING REVENUES MONEY TRANSFER PORTFOLIO WELFARE PROVISION OF FINANCE ACCESS POINT REMITTANCE SERVICES REGULATORY SCRUTINY PAYMENTS CREDIT INSTITUTION INTERNATIONAL BANK MARKET INFRASTRUCTURES AGENTS WITHOUT ACCESS REGULATORY AUTHORITIES MICROFINANCE INSTITUTIONS CENTRAL BANK MARKET PARTICIPANTS ACCESS TO BANKING RISK PERCEPTIONS ANTI-MONEY LAUNDERING INTERNATIONAL FINANCE PUBLIC POLICY POLICY RESPONSE SAVINGS PENALTIES LEGAL PROVISIONS DISBURSEMENT LEVEL OF CONFIDENCE BANKING RELATIONSHIPS UNION TRANSFERS FINANCIAL INSTITUTIONS PAYMENT MARKETS LEGISLATION SETTLEMENT FINANCIAL PRODUCTS RISK PERCEPTION COMPETITIVE MARKET BANKERS ENTERPRISES BANKING ASSOCIATIONS NATIONAL BANKERS FINANCE INFRASTRUCTURE BANKING SECTOR BANKS SUPERVISORY AUTHORITIES TRANSACTIONS INTERNATIONAL STANDARDS PAYMENTS INFRASTRUCTURES MONEY MANAGEMENT GOOD RETAIL BANKING TRANSPARENCY FINANCIAL STABILITY SMALL ENTERPRISES LACK OF ACCESS ACCESS TO BANKS MARKET CONDITIONS FUTURE PUBLIC POLICIES VALUE SOURCE OF INCOME FINANCIAL EXCLUSION BANK CREDIT AMOUNT OF RISK CASH MANAGEMENT ACCESS TO BANK ACCOUNTS INTERNATIONAL CLEARING MARKET SUPERVISORY SANCTIONS ACCESS TO BANKING SERVICES BANK ACCOUNT ACCESS RISK PROFILE FINANCIAL SERVICE SUBSIDIARY BANK ACCOUNTS MICROCREDIT PROFITABILITY GOVERNANCE ACCESS TO CREDIT MICROFINANCE WIRE TRANSFERS MARKET SHARE RISK COMMERCIAL BANKS SHARE PAYMENT SERVICES REMITTANCE SERVICE POVERTY INTERNATIONAL STANDARD BANKING REVENUE PRIVATE INVESTMENTS LANGUAGE BARRIERS LEGAL REQUIREMENTS FINANCIAL SUPPORT INVESTMENTS RISK MANAGEMENT LENDING MARKET FINANCE CORRESPONDENT BANKS FEES FAMILIES ACCESS TO BANK ACCOUNT WOMEN OUTREACH REMITTANCES PAYMENT SYSTEMS GOVERNMENTS INTERNATIONAL BANKS CREDIT INSTITUTIONS GUARANTEE CONSUMER PROTECTION ACCOUNT HOLDERS AUDITING RISK MITIGATION DISABLED World Bank Group Report on the G20 Survey in De-Risking Activities in the Remittance Market |
| description |
In September 2014, the Group of Twenty
(G20) Global Partnership for Financial Inclusion (GPFI)
requested the World Bank Group to undertake a survey in the
G20 countries on the issue of commercial banks’ actions to
de-risk their operations, specifically in relation to
non-bank international remittance service providers or, as
they are alternatively referred to throughout this report,
money transfer operators (MTOs). The objective of the survey
was to assess the status of the de-risking phenomenon in the
G20 countries, and to collect evidence from which
conclusions on the main drivers and the impact for the MTO
market could be drawn. The key findings of this survey and
the relative recommendations on potential actions are
provided in this report to assist the G20 governments,
standard setting bodies, private sector entities and the
other relevant stakeholders in the financial sector on
future discussions on this topic. In addition to working
with the G20 on de-risking in the remittance market, the
World Bank Group collaborated with the Financial Stability
Board (FSB) and the Committee on Payments and Market
Infrastructures (CPMI) to conduct a global survey on access
to foreign correspondent banking relationships. This survey
is focused on banking authorities, large international
banks, and regional/local banks. The G20 Finance Ministers
and Central Bank Governors endorsed this work in February 2015. |
| format |
Working Paper |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Report on the G20 Survey in De-Risking Activities in the Remittance Market |
| title_short |
Report on the G20 Survey in De-Risking Activities in the Remittance Market |
| title_full |
Report on the G20 Survey in De-Risking Activities in the Remittance Market |
| title_fullStr |
Report on the G20 Survey in De-Risking Activities in the Remittance Market |
| title_full_unstemmed |
Report on the G20 Survey in De-Risking Activities in the Remittance Market |
| title_sort |
report on the g20 survey in de-risking activities in the remittance market |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/11/25478384/report-g20-survey-de-risking-activities-remittance-market http://hdl.handle.net/10986/23327 |
| _version_ |
1764453527494590464 |