De-risking online training course

Efforts in Reducing the Negative Impact of Loss of Correspondent Banking Relationships in The Caribbean


The objective of the training is to address, from a practical standpoint, the risk of losing correspondent banking relationships (the de-risking phenomenon) in the Caribbean region, from the perspective of the Bank Supervisors and the Correspondent Banks. In addition, answer questions such as:

  1.  What do supervisors look for at the time of analyzing geographic and services risks in Caribbean countries?
  2.  What are the financial or compliance risks in the region?
  3.  Of the risks identified, which are those that play a significant role in triggering de-risking actions?
  4.  What are the elements that correspondent banks look for to establish a sustainable correspondent banking relationship?
  5.  Why should Correspondent Banks assess the AML/CFT risks of its correspondent institutions and the region’s clients?

The course also seeks to generate awareness about the current challenges in the Caribbean, in both Regulatory and Supervisory Authorities and Financial Institutions, and the identified weaknesses related to the de-risking phenomenon.