Sub-custodians face backlash over added DDQ charges
Some sub-custodians have witnessed a dramatic increase in the number of questions being asked in their due diligence questionnaires.
Tag: Sub custody
DNB Bank to shut foreign custody business
Increased competition from its Nordic rivals has created a tougher environment for DNB to secure international sub-custody clients in the country.
BNP backs role of sub-custodians
BNP Paribas has stressed the importance of the local expertise that a sub-custodian provides.
Custodians looking at exit strategies
Custodians are reportedly assessing their position in certain markets.
Opinions divided on the future of sub-custodians
With some players consider disintermediating sub-custodians, the industry could be in jeopardy, according to NeMa panelists.
Contingency networks needed to guard against sub-custody default
Global Custodians may need to maintain contingency to deal with risks of default, NeMa conference hears.