BNY Mellon and Standard Bank are celebrating a 25-year alliance. What does this entail beyond the intrinsic global custodian / agent bank relationship? Global Custodian spoke to Hani Kablawi, head of international, Bank of New York Mellon and Crosby Mkhwanazi, group head, transaction banking, Standard Bank, to find out.
Leaps in technological advancement over the last decade have focused the minds of both servicers and clients on what can and should be possible as part of a fund servicing offering. Investments in tech are at an all-time high, as players in the space seek to gain the edge in a highly competitive field.
Challenges for hedge funds are coming in all directions, from volatility to regulation and market structure changes, while primes are also having to adapt to this evolution. At the same time, one prime’s loss is another one’s gain, as challenger primes continue to eye market share in a fiercely competitive middle of the pack, picking up new business of emerging managers. This is a space never short of entertainment and drama.
Can the financial services industry achieve seamless cross-chain transactions without central coordination?
Recent innovations in the securities finance space are truly set to transform the sector, with those who have spent decades working in the segment optimistic about an evolving market structure. To drive that forward, service providers are taking a collaborative approach to the technology with interoperability at the heart, which will underpin the market of the future.
The latest demonstration of the SEC’s unwavering quest to improve visibility in financial markets comes in the shape of new amendments to Form PF – designed to increase protection against market moving events.
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.