Status: Will be live at 12/16/2015 00:00
IIF/BAFT Joint Response to the CPMI on Correspondent Banking
Wednesday, December 16, 2015
The IIF and BAFT jointly submitted a response to the CPMI's consultative report on correspondent banking. The response is the basis of a profound commitment by the international banking industry to maintain and enhance the integrity of the international payments system and to help the authorities to stop abuses. The letter seeks to encourage collaboration between the public and private sector in finding solutions to address impediments to the availability of correspondent banking services in order to ensure the continued accessibility of crucial real-economy financing in both developed and emerging markets.'