Middle East - de-risking, collateral damage [Video]

De-risking by US and European financial institutions is putting immense pressure on Arab banks in the Middle East, especially in the dollarized economies, as they seek to preserve their correspondent relationships. In September 2016, the Arab Monetary Fund reported survey findings that around 40% of banks in the region had seen a “significant decline in the scale and breadth” of these relationships between 2012 and 2015. Paul Cochrane in Beirut talks to local professionals about the impact and consequences for AML.