UK pension funds managers ill-equipped to report on their ESG policy, finds research
Nearly half of pension fund managers surveyed by CACEIS felt there were not properly equipped to monitor their ESG activities to a high standard.
Nearly half of pension fund managers surveyed by CACEIS felt there were not properly equipped to monitor their ESG activities to a high standard.
The aim for the new CSD is to provide a harmonised platform for the issuance, trading, settlement and custody for commercial paper.
TEEPI’s developments have been made in collaboration with a group of pilot clients, and the platform will continue to develop throughout 2019.
Industry experts argued further consolidation in the custody industry could be likely, but doubted it will happen within the next 12 months to five years.
The combination with Santander expands CACEIS' reach to Spain and Latin America, giving the combined unit €5.1 trillion in AuC/A.
The Dutch market is known to be the home of some of Europe’s largest pension funds, as well as leading private equity and real estate funds.
CACEIS acts as the main custodian and administrator for many of the money market funds in the French market.
The asset manager will use CACEIS’s OLIS Performance tool to facilitate the management and provide data on their financial portfolios.
CACEIS will also act as the main listed derivatives clearer for the French investment bank.
The move will enable CACEIS to add Italy to the list of European countries in which it already operates directly through T2S.