Managing Correspondent Banking Networks
In Rob's previous video, "What is Correspondent Banking and why do we need it?", he covered what correspondent banking is and the products involved. In this video, Rob explains why banks work together, the benefits of having a large or small network of correspondents and whether circumstances are different for a global bank.
Overview
Banks must perform the balance act of deciding between whether to maintain a large or small correspondent bank network. There are risks and rewards associated with both options and the details are described below.
Key learning objectives:
Understand the advantage of participating in correspondent banking
Identify the benefits associated with large and small correspondent bank networks
Summary
Expert
Robert Ellison
Rob has spent 20-years working in the city in a career spanning debt origination, debt syndicate and client coverage. Rob has worked at UBS Investment Bank and Lloyds Banking Group, and he is now one of Finance Unlocked's co-founders.
