ripple.com ripple.com

BIS Describes Peak Correspondent Banking

Banks around the world today rely on the correspondent banking system to facilitate international payments. It’s no wonder then that the health of that system is of utmost importance to central banks around the world. That’s why the Bank for International Settlements (BIS)—sometimes described as the central bank for central banks—commissioned a report on the state of correspondent banking by the Committee on Payments and Market...