The two banks with leverage previously established bots for a new digital solution aimed at improving custody FX processes for emerging market currency trades.
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.
Lobbyists likely to use UK decision to not implement the settlement discipline regime as further leverage in calls for a delay.
With the integration of the Deutsche Bank business, BNP Paribas is aiming to become the top prime broker in Europe and potentially break out as a top four global player.
Mixed fortunes for European custodians with a combination of double-digit revenue growth and some large declines during the first quarter.
Von zur Mühlen, a key operator in Deutsche Bank's major investment banking restructure, will replace near-30 year veteran Werner Steinmüller as CEO of its APAC business.
The impact of the COVID-19 crisis on operations could stimulate work towards a digital post-trade framework between regulators and securities services firms.
After bringing the securities lending business back into securities services, Deutsche Bank is on an ambitious goal to seek greater cross-product opportunities.
BNP Paribas CEO Jean-Laurent Bonnafé says Deutsche Bank prime brokerage business transition is proceeding very swiftly, with restructuring costs expected to reach €100 million this year.