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Event
20
Nov
Roundtable: De-Risking and International Remittances – Challenges and Solutions
Monday, November 20, 2017
The term “de-risking” has been used to describe the practice of financial institutions exiting products and terminating or restricting relationships with clients, including in groups, who are perceived as presenting a “high-risk” of an undesirable outcome.
Rather than attempting to manage associated risks and/or mitigate economic challenges, some financial institutions have opted in favor of reducing their exposure by culling classes of clients and leaving them to find alternative financial arrangements – often at short notice. This practice has impacted people, entities and jurisdictions worldwide and presents special challenges for operations used or relied upon by the underserved.
This roundtable features a cross section of international regulators, banks, and service providers who will provide expert insight into the recent increase of de-risking activity affecting international remittances and financial inclusion, and includes a discussion of potential solutions.
The roundtable is organized by the Digital Financial Services Observatory, CITI, Columbia Business School, Columbia University, New York.
- Venue: Faculty House, Columbia University, New York
- Time: 8:30 am – 12:30 pm
- Date: November 20, 2017
- Region Global
- Country United States of America
- Language English
- Keywords de-risking, Remittances