Buy-side firms have increased their focus on NAV generation following the COVID-19 pandemic and changes to business continuity plans, according to the report from Celent.
Increased margin calls and collateral disputes among the reasons why treasury teams faced a crucial role during the COVID-19 crisis and beyond.
The massive fall in revenues was largely caused by lower market valuations and short-selling bans enacted worldwide by regulators.
Custodians have been presented the perfect opportunity to push for regulators to adopt digitalisation and to do-away with requiring paper-based compliance.
Network managers may be forced to adopt virtual technologies to complete their due diligence processes of sub-custodians, however not all are in agreement of its merits.
CEOs of asset servicing firms explained that the pandemic has sparked new attitudes towards business processes and technology.
Investment into DLT increased 20% over the year, yet the operational pressures of the COVID-19 pandemic could set back the industry.