The European Association of Co-operatives Banks welcomes the opportunity to participate in the public consultation on the report on Correspondent banking of the BIS Committee on Payments and Market Infrastructures (CPMI).
In broad terms, we share the analysis and approach to correspondent banking adopted by the CPMI.
The EACB acknowledges the relevance of this consultation as the previous step before any potential implementation of the four technical measures (recommendations) put forward to facilitate correspondent banking.
For further information, please download the PDF.