Comment & Analysis
Regulation, Risk & Compliance
Uncategorized
Withdrawal of CBRs by foreign lenders weigh on Arab banks
Arab lenders had been witnessing withdrawal of correspondent banking relationships with the foreign counterparts – especially in the US, the UK, Germany- during 2012-15, seriously affecting trade finance, letters of credit and clearing and settlement, according to a study. This has come out on a survey undertaken by the Arab…
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