This paper explores the extent to which formal, regulated financial institutions such as banks have been able to partner with "correspondents"- commercial entities whose primary objective and business is other than the provision of financial services. The paper illustrates the case of Brazil, where banks recently have developed extensive networks of such correspondents. Such arrangements result in lower costs and shared risks for participating financial...
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INFORMATION
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2006/06/05
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Publication
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36398
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1
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1
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2006/06/06
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Disclosed
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Expanding bank outreach through retail partnership : correspondent banking in Brazil
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number of people with access
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