Securities services revenue decline in 2020 was not as severe as expected
Overall securities services revenues dropped only marginally in 2020 compared with 2019, with fund services sector even producing record returns.
Overall securities services revenues dropped only marginally in 2020 compared with 2019, with fund services sector even producing record returns.
BNP Paribas’ expanded prime services business will launch after the integration of Deutsche Bank’s hedge fund clients is completed this year.
The resurgence in short selling and increased performance among hedge funds could pave the way for a profitable year for securities lending desks of banks.
Senior hires in Luxembourg, Hong Kong and Jersey signal intentions for further growth following acquisitions.
Short-selling bans, lower market volumes and depressed fees result in an 11% drop in securities finance revenues during 2020.
The suggestion by an influential US think tank last week could have a significant impact on other custodians in the market if such a move was widely enforced.
ISSA's Phil Brown and Vicky Kyproglou discuss their vision for the organisation, and how the industry body plans to react to the ‘new normal’ in a post-COVID 19 world.