国际清算银行：2024下一代代理银行报告（英文版）

Correspondent banks played a pivotal and historical role in the expansion of cross-border payment activity by enabling transaction settlement, cheque clearance and associated foreign exchange operations. However, the correspondent banking system has seen a reduction in the number of active correspondents and corridors in recent years (Rice et al (2020)). Is the observed decline evidence that correspondent banking is a flawed model? Or is it simply the case that a technological overhaul is nee