CAB’s CEO talks to TXF about the future of derisking

In a recent interview with TXF, Albert Maasland, CEO at Crown Agents Bank, explores the banking market’s current approach to derisking correspondent relationships.

He recognises that although the high cost of compliance continues, derisking in emerging markets has slowed, having had the desired effect of cleaning up inappropriate payments flows in recent years. He points out that despite good progress, some unintended consequences – such as the forcing of payments underground – are becoming more apparent.

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