2024 BAFT Europe Forum: Correspondent Banking - How to Protect a Critical Function

The banking industry has been facing more instability in the recent past. A globally tenser geopolitical environment, where accessing certain geographies became more challenging from a compliance and reputational risks perspective. The new interest rates context also revealed some weaknesses in the banking industry, in terms of business models, ALM and to a certain extent, supervision. This more dangerous or challenging background revealed the importance of protecting our institutions’ capacity to issue and receive payments, be they our own payments or payments on behalf of our customers. As a matter of fact, a sound bank could easily become at risk if prevented from reaching a market because of badly anticipated restrictions on compliance or on intraday liquidity provision. Resiliency has become a key concern in the industry. It often means ability to anticipate, our network management having most of the time a central role to play in that respect, depending on our institutions’ organization and governance.
Moderator
Jean François-Mazure
Head of Cash Clearing Services
Societe Generale
Panelists
Zade Alnagger
Director, Global Risk
Bank of America
Greg Cracknell
Managing Director & Head of Credit Suisse Network and Account Management (within UBS Network & Market Infrastructure function)
Credit Suisse
Kumar Narayan
Executive Director & Global Head of US Dollar Clearing
JPMorgan Chase & Co.
Sarabjit Sidhu
Executive Director, Network Management & Regional Head, West
Standard Chartered Bank