Settling syndicated loan trades, and feeding custody systems with trade funding information, is meant to happen easier as the information handling company introduces electronic messaging into one of its platforms.
The custody industry’s major get-together in Athens last week, The Network Forum, saw its participants surveyed on their expections for custodians to become fewer and bigger. They’re taking it pretty cool.
Will you have the cash to cover your losses when the next quake shakes your custody contracts? A blog post by industry veteran John Gubert, in Global Custodian, suggests a long list of operational risks that could deserve more attention.
Ensuring the safekeeping of private keys and crypto-addresses is essential to institutional investors, though uncertainty surrounding the regulatory framework and the lack of safe, qualified custody are significant barriers preventing them from joining the crypto market in greater numbers.
British investment manager Fundsmith is letting Northern Trust provide the fund administration and global custody services for UK-listed Smithson Investment Trust, which raised a record £822 million at its launch last October.