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FSB publishes updates on work to assess and address correspondent banking declines

Reports show continued decline in correspondent banking relationships but progress in implementing actions to address declines.

29 May 2019

Remittance service providers’ access to banking services: Monitoring of the FSB’s recommendations

Monitoring report on implementation of the FSB’s March 2018 recommendations to address remittance services providers’ access to banking services.

29 May 2019

FSB action plan to assess and address the decline in correspondent banking: Progress report to G20 Summit of November 2018

Progress report on actions by authorities to address the decline in correspondent banking relationships.

16 November 2018

FSB publishes progress report on measures to address the decline in correspondent banking and updated data

Reports show actions by authorities to address the decline in the number of correspondent banking relationships - a further 4% reduction took place in 2017.

16 November 2018



Chair sets out FSB priorities for the Argentine G20 Presidency

FSB publishes Chair’s letter to G20 Finance Ministers and Central Bank Governors ahead of their meeting in Buenos Aires on 19-20 March.

18 March 2018

FSB publishes progress report on addressing declines in correspondent banking and recommendations on remittances

FSB publishes progress report on actions to implement the correspondent banking action plan and a stocktake on remittance service providers’ access to the banking system.

16 March 2018

Stocktake of remittance service providers’ access to banking services

An assessment of remittance service providers’ access to banking services as part of the FSB’s work on correspondent banking.

16 March 2018

BCBS, CPMI, FATF and FSB welcome industry initiative facilitating correspondent banking

Industry initiative by the Wolfsberg Group is part of efforts to address the decline in the number of correspondent banking relationships by facilitating due diligence processes.

6 March 2018



Further action agreed to address decline in correspondent banking relationships

FSB releases progress and data reports on correspondent banking action plan.

4 July 2017

FSB Correspondent Banking Data Report

Analysis on reasons and impact of the decline in correspondent banking relationships.

4 July 2017


FSB publishes progress report and 2017 workplan to assess and address the decline in correspondent banking

Report sets out actions and 2017 workplan to address the decline in correspondent banking.

19 December 2016

Progress report to G20 on the FSB action plan to assess and address the decline in correspondent banking

Progress report to the G20 on actions to implement the FSB four-point action plan to address the decline in correspondent banking.

25 August 2016

FSB releases report to G20 on the decline in correspondent banking

A report on the FSB-coordinated work on the decline in correspondent banking.

6 November 2015

Report to the G20 on actions taken to assess and address the decline in correspondent banking

Report to the G20 on emerging findings shows a reduction in correspondent banking and sets out planned steps to address this reduction.

6 November 2015

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Last updated: 14 May 2019