Correspondent banks (which provide payment and other services to other banks) and custodian banks (which hold securities for their customers and provide related services) are key components of an economy’s payment and settlement arrangements.

The Eurosystem monitors the financial and operational risks these systems may give rise to, and their potential implications for interdependent financial market infrastructures.

Since 1999 the Eurosystem has conducted surveys on correspondent banking to monitor the size and development of this business.

• Eleventh survey on correspondent banking in euro