The SEC’s amendments to the custody rule with regards to the segregation of cash are ‘unworkable’, ‘will force custodians to exit the business’ and ‘effectively break the system’, according to experts at the very top of the asset servicing world.
The EU hopes updates to the ELTIF (European Long Term Investment Fund) regulation will reverse the brand’s fortunes. Global Custodian looks at whether the changes will be enough to help ELTIFs recover.
Many of the exceptional global challenges of the past two or three years have landed on the desks of network managers to address. But have they changed the fundamentals of the network management function? Richard Schwartz reports.
The US has got the world talking when it comes to shortening settlement cycles, but where do other geographical markets stand when it comes to T+1? Jonathan Watkins explores where markets in Europe, Asia and Latin America stand with their own plans.
The incredible growth in the ETF market has sprouted a wave of new products and players entering the space. Global Custodian’s Chris Lemmon analyses those trends and looks at how service providers are able to keep up in such a fast-moving environment.
US regulators have set the date for the implementation of T+1, handing a wake-up call to the industry which has an extraordinary amount of work to do around automation, securities lending, FX, corporate actions and more in order to meet an ambitious go-live date, writes Jonathan Watkins.
One of the challenges for private equity fund administrators in 2023 is attracting talent and keeping it
PoCs abound in the search for concrete applications of tokenisation to capital markets at a wholesale or institutional level. Has the dust now settled and what can we see?
The European Commission’s sweeping Markets in Crypto Assets (MiCA) regulation seeks to lay the foundations for institutional digital asset standards across the European Union. Global Custodian looks under the hood of the new regulation, likely to be effective 2024, and at what it means for custodians operating across the continent.
In the regionalisation of investment services, the Nordics have been something of a pioneer. How has this affected the competitive environment for inbound and outbound business? Richard Schwartz visited SEB, the region’s dominant custody provider, to find out.
A Staff Accounting Bulletin from the SEC effective from April this year has been described as a “real constraint to scale” for US custodians looking to grow their digital asset businesses.
Contingency planning is now top of mind for most network managers following the pandemic and more recently the war in Ukraine. Some experts wonder if events in China will be the next geopolitical flashpoint to disrupt the financial system.
In what has proven to be a memorable year for cryptocurrencies, incumbent custodians have entered the fray with their own custody launches and units, begging the questions: did they time this to perfection? Will this be a profitable venture? And who wins out between the banks and the independent crypto exchanges?
Delays, amendments, lockdowns, war – CSDR’s Settlement Discipline Regime began life at a time when unprecedented events have become the norm. Confusion, miscommunication and errors have plagued the regulation’s early days, but are its most challenging days now behind us?
A tumultuous two years for the prime brokerage space has seen exits, scandals and a renewed approach to risk management which has truly shaken up the industry. But don’t think for a second primes are struggling, as opportunity beckons for those willing to invest and appeal to funds with market share up for grabs.