As risk-averse big banks de-risk from certain markets and geographies, their strategies are causing a ripple effect in the industry. For them, it is often quicker and simpler to distance themselves from an entire group, sector or region than to assess each one individually, or assume the risk of fines and negative media. Smaller banks face significant challenges as a result which could have wider societal and economic implications across the globe – including the loss of corporate and retail customers, lower remittance volumes and falling profits.
In this session, our speakers will discuss:
- How are smaller banks coping with a decreasing network of correspondent banks, and increasing costs from their remaining banking partners?
- What are the strategies for addressing the service gap left behind?
- Can new players fill the vacuum left by big banks?
- What’s next for the industry?