Custodians have been expanding their Ireland footprint and are bolstering services with a focus on private markets and alternatives assets.
The Bill provides greater flexibility for firms to set up private markets funds in Ireland, giving the country a huge boost as it competes with other fund domiciles.
The new version of the AFME DDQ also includes questions over how firms responded to the COVID-19 pandemic.
Transcend aims to use the new funding to rapidly scale product and sales infrastructure for custodian banks and prime brokers.
ISS has gone live with its Global Proxy Distribution (GPD) Shareholder Identification Service, designed to assist custodians and intermediaries in meeting SRD II.
Custodians have been presented the perfect opportunity to push for regulators to adopt digitalisation and to do-away with requiring paper-based compliance.
With some of the world's largest ETF issuers launching new semi-transparent products, custodians and fund administrators are in a unique opportunity to bridge the gap between the active and passive investment community.