The group of 20 industry bodies have said the outbreak has resulted in a significant delay for both custodians and buy-side firms in carrying out heavy onboarding tasks
The $35 billion super fund decided to defer the move from a ‘risk management perspective’, given the extreme market volatility caused by the COVID-19 virus.
The stance from three of the world's largest pension funds could spark an opportunity for service providers to help other asset owners more effectively incorporate ESG factors into investing.
New and disruptive technologies are causing a fundamental shift in mindset towards approaching legacy systems as custodians look to think outside the box.
Fund assets serviced in Ireland by the global custodians rose by 6.2% to reach nearly $4 trillion at the end of June 2019, according to new research.
TriOptima’s triResolve Margin collateral management service can connect clients to the SWIFT custody network for cash transfers and securities settlement.
Nearly half of pension fund managers surveyed by CACEIS felt there were not properly equipped to monitor their ESG activities to a high standard.
Data will be a future revenue source for securities services providers, but custodians need to work harder at providing use cases for it before charging clients.
The report analyses how market participants can issue, settle, safekeep and service crypto assets, as well as laying out a set of recommendations and best practises.
Custodians are aiming to evolve their outsourcing business model and leverage new technology to accommodate front-office solutions.