EXPANDING BANK OUTREACH THROUGH RETAIL PARTNERSHIPS by Anjali Kumar, Adam Parsons, Eduardo Urdapilleta ( 9780821367025 )

Item Details

Title:

EXPANDING BANK OUTREACH THROUGH RETAIL PARTNERSHIPS
CORRESPONDENT BANKING IN BRAZIL

By:

Anjali Kumar, Adam Parsons, Eduardo Urdapilleta

Format:

Paperback

List price:	£8.50
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ISBN 10:

0821367021

ISBN 13:

9780821367025

Publisher:

WORLD BANK PUBLICATIONS

Pub. date:

12 June, 2006

Pages:

Description:

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.

Synopsis:

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.

Illustrations:

Illustrations

Publication:

Imprint:

World Bank Publications

Returns:

Returnable

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