Correspondent Banking Products and Evolution
In a previous video we discussed that, historically, the main two product lines for a correspondent banking team were Payments and Trade Finance - both very much transactional banking product lines. In this video, Paul discusses how management of credit and risk, key international events and rightsizing of bank portfolios led to the evolution of correspondent banking.
Overview
Correspondent banking has developed extensively over the past 20 years. From the change in management of product lines to the key events that have had a lasting impact, correspondent banking has experienced a variety of change.
Key learning objectives:
Understand how correspondent banking has changed
Key events that changed correspondent banking
Summary
Expert
Paul Taylor
Paul has spent 35 years working in banking, almost exclusively in client facing roles. During that time, he has covered all customer segments from retail to global corporate, and has spent more than half of his career working on the Global Banks coverage team at Lloyds Bank. Paul recently worked in an advisory capacity for a small Fintech bank in the City.
