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Alwazir, Jihad. Report on the Pacific Roundtables: Actions to Address Correspondent Banking and Remittances Pressures / prepared by an IMF staff comprising Jihad Alwazir, Yan Liu and Alison Stuart. — Washington, DC: INTERNATIONAL MONETARY FUND, 2019. — 1 online resource — <URL:http://elib.fa.ru/ebsco/2138078.pdf>.

Record create date: 5/20/2019

Subject: Correspondent banks; Emigrant remittances; Banks and banking

Collections: EBSCO

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Table of Contents

  • Cover
  • Contents
  • Glossary
  • Introduction
  • 1 What is Correspondent Banking?
  • 2 Setting and Update
    • Global Developments
    • Pacific Developments
  • 3 Challenges Identified in Pacific Roundtables
  • 4 Matrix of Potential Solutions
  • 5 Actions
    • Communication, Coordination, and Information Sharing
    • Supervision, Compliance, and Cost Control
    • Training and Capacity Building
    • Remittances Architecture and Technology
    • Priorities for Various Agents
  • 6 Next Steps
  • References
  • Boxes
  • Box 1. AUSTRAC Report—Remittance Corridors: Australia to Pacific Island Countries
  • Figures
    • Figure 1. Correspondent Banking Relationships in the Pacific Region
    • Figure 2. Number of Active Counterparty Countries by region
    • Figure 3. Concentration of Active Correspondents
    • Figure 4. Cost of Remittances by Destination Region
    • Figure 5. Quarterly Average Costs of Sending $A 200 or $NZ 200 via Money Transfer Operators
    • Figure 6. Fiji and Vanuatu: Remittance Costs and Trends to send $A 200 or $NZ 200
    • Figure 7. Combined Matrix Results
  • Tables
    • Table 1. Communication, Coordination, and Information Sharing
    • Table 2. Supervision, Compliance, and Cost Control
    • Table 3. Training and Capacity Building
    • Table 4. Remittance Architecture and Technology
    • Table 5. Top Priorities for Banks, Money Transfer Operators, Regulatory Authorities, and International Financal Institutions

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