Bangladesh: De-Risking Is Stifling $15bn Payments Industry

Bangladesh’s top financial regulator has appealed for “urgent” action from UK and US authorities to address banks’ de-risking practices, which it claims is choking a $15bn remittance industry.

According to the Bangladesh Bank, the country’s main regulatory body for banking and payments, a remittance industry that processed $14.9bn in cross-border transfers last year is now under threat as a result of de-risking.

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