QUICK DEFINITION
Correspondent Banking — A relationship in which one bank provides payment or other banking services to another bank, often across borders.
WHY IT MATTERS
Why Correspondent Banking matters in finance
Operational or compliance disruption can propagate through cross-border payment chains.
FINANCIAL SYSTEM CONTEXT
← Back to the Financial Security GlossarySecurity is also a market-infrastructure question
In financial services, correspondent banking should be understood in relation to operational continuity, data integrity, payments, market infrastructure and interconnected dependencies. A control can be technically effective while still leaving material resilience risk if critical services cannot continue or recover during disruption.