Carl Ericsson

Correspondent Banking and how it can be misused

2022-05-242022-05-24
by Carl Ericsson
Acuminor Reports

What is Correspondent Banking? The Wolfsberg Group defines Correspondent Banking as: “the provision of a current or other liability account, and related services, to another financial institution, including affiliates, used for the execution of third-party payments and trade finance, as well as its own cash… Read More »Correspondent Banking and how it can be misused

Financial and social inclusion at risk due to blanket de-risking

2022-04-212022-04-21
by Carl Ericsson
Acuminor Reports

On the 5th of January 2022 the European Banking Authority (EBA) published their opinion on de-risking (EBA/Op/2022/01). The EBA is taking a critical stance towards the de-risking strategies used by many institutions today. The authority sees the broad application of de-risking as an indication that… Read More »Financial and social inclusion at risk due to blanket de-risking