Cross Border Banking In A Connected World

Cross-Border Banking in a Connected World

Cross-border banking enables financial institutions to provide services across international borders, facilitating global trade, investment, and financial inclusion. In today’s connected world, digital advancements, such as online banking, mobile apps, and blockchain, have made cross-border transactions faster, cheaper, and more secure. Banks can now offer seamless currency exchange, international remittances, and multi-currency accounts, catering to a global customer base.

Cross-border Banking

Cross-border banking, while having the potential for a more efficient financial sector, also creates potential challenges for bank supervisors and regulators. This volume discusses topics that include: the landscape of cross-border bank activity, the resulting competitive implications, emerging challenges for prudential regulation, and more. Cross-border banking, while having the potential for a more efficient financial sector, also creates potential challenges for bank supervisors and regulators. It requires cooperation by regulatory authorities across jurisdictions and a clear delineation of authority and responsibility. That delineation is typically not present and regulatory authorities often have significantly different incentives to respond when cross-border-active banks encounter difficulties. Most of these issues have only begun to be seriously evaluated. This volume, one of the first attempts to address these issues, brings together experts and regulators from different countries. The wide range of topics discussed include: the current landscape of cross-border bank activity, the resulting competitive implications, emerging challenges for prudential regulation, safety net concerns, failure resolution issues, and the potential future evolution of international banking.

Central Bank Payment and Settlement Services with Respect to Cross-border and Multi-currency Transactions