FEATURES

Saudi: Open for business

The Arabian market opening will be welcomed but overseas investors will step carefully; technical challenges remain.

Don’t cry for Citi, Argentina

With Citibank in the middle of a lengthy legal battle between the Argentine government and the US courts, it has suspended its sub-custody business and plans to exit the country completely. The exit of Citi from Argentina is set to have far reaching consequences for competition in the region, and network managers w

Questioning the data

Can those global custodians still standing now afford to exhale and undo a notch on their collective belt? The list of prominent providers has, after all, remained reasonably stable over the past few years. “The competitive landscape changed significantly in the Nineties, but not that much in the 'Noughties’,” obs

The impact of Basel III

Stricter rules requiring banks to hold more capital to cover their derivatives activities is setting off alarm bells amongst the largest fund managers. Fears that the banks will find ways to pass down the costs of OTC swaps clearing to the buy-side could lead to some firms being turned away from certain products du

Buy-siders yet to be moved on central clearing

Europe’s buy-side firms have yet to find an impetus to begin voluntary clearing of over-the-counter (OTC) derivatives, which could have a significant effect on their sell-side counterparts. With the rollout of new central clearing rules for interest rate swaps now expected for April 2016 for banks and brokers, th

The new king is collateral

Ever since the 2008 financial crisis, new regulations enhancing transparency and preventing liquidity and systemic risk has placed collateral management at the forefront. “Collateral is being considered by many financial institutions as a fully-fledged asset class which needs to be accurately managed”, says Cle

Automation and infrastructure are front of mind for buy-side

With the deadline for mandatory clearing pushed back, this means the buy side has more breathing space to consider how to automate their collateral management. At a recent Global Custodian roundtable, experts from the buy-side and sell-side debated what the industry needs to make collateral management a more efficient process.

Network management: what makes a winner?

Global Custodian went back to the winners of its inaugural network management awards to find out what they thought set them apart from their peers. At the Global Custodian Legends of Custody gala dinner in London in March, awards were given for the first time for network management. Winners were identified based

A Finnish First

The Finnish State Pension Fund’s choice of custodian is based on excellence in core services, but where services providers can add value is through corporate actions and tax reclamations.

What a pension fund requires of its collateral agents

Dutch institutional investor PGGM is in a unique place in that it is currently preparing for the future and not trying to plug the holes of the pension fund that it serves. Roelof van der Struik, the fund's investment manager says the fund is coming from a positive place and is going towards an even better one. T

Telcom Fund Calls For a Custodian

As Telstra Super conducts its first custody review since 2011, Global Custodian talks to head of investment operations Miles Mallick about what they are looking for.

Can ETFs meet the collateral challenge?

In an environment where the quantity of good quality assets is becoming increasingly squeezed, the industry will have to turn to new financial instruments in order to meet the regulations and bridge the collateral gap. At the same time, the pace of exchange traded funds (ETFs) as a new asset class is gathering sp

Poacher Turned Game Keeper

Lounarda David, head of investment operations at Sunsuper, has a precise definition of her division’s function in supporting the back and middle office for the AU$19 billion industry superannuation fund – to provide the knowledge and reporting to the fund for implementation, execution and monitoring of all investment decisions.

Tri-party Securities Financing

Mobilising global collateral will be a key challenge for 2015, and tri-party finance could be a solution.

Technological Tipping Point

As reporting requirements increase and custodians prepare for the implementation of The Goods and Services Tax, Malaysian custody clients and providers agree that technology is of paramount importance.