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|Title||Assessment of correspondent banking relationships Case study: local banks in Palestine|
|Title in Arabic||(تقييم العلاقات مع البنوك المراسلة: دراسة البنوك المحلية في فلسطين)|
This study aimed to assess the relationship between the Palestinian local banks and foreign correspondent banks and the most important factors that affect the success of the relationship and the development of it to provide better services. In order to reach the most accurate possible results of the study it has been used descriptive and analytical approach through the study sample, which represents the distribution of 60 questionnaires and conduct some in-depth-interviews with the managers of the departments of Foreign Relations and International Trade at the Palestinian local banks which were 7 banks. Those questionnaires included all aspects of relations with correspondent banks and then 42 questionnaire was recovered as responses of the study population, and the most important results that have been accessed summarized as follows: Working with foreign correspondent banks require or result in often development of the services offered by the bank to its customers, and it gives the bank a competitive advantage form other banks operating in the same area. It is important to study the area in which the bank and correspondent bank operates to avoid various risks like money laundering risk, and to avoids any problems or legal difficulties with correspondent banks . And in view of the results that have been reached during the study the researcher recommendations were: The local banks must keep pace with the technological development in the provision of new and distinct services through correspondent banks, and must understand the market needs a well to provide appropriate services. local banks must adhere to international standards and anti-money laundering laws so that they deliver better services and avoid any legal problems resulting from foreign operations. The importance of the Monetary Authority role on overseeing and setting up relations between the local banks and correspondent banks and holding workshops in the mechanics of dealing with correspondent banks in order to develop relations between the local banks and external correspondents.
|Publisher||الجامعة الإسلامية - غزة|
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