12 percent of those Network Forum delegates responding to the survey said they found it unlikely that custodians would be subject to further consolidation at all. The numbers are relayed by Asset Servicing Times.

Say when

As for the large majority expecting consolidation to happen, sooner or later, these were quite divided on the issue of when.

39 percent expect consolidation within a time frame of one to five years from now, while 44 percent foresee it happening in the next five to ten years. Only 5 percent could see it as inevitable within the nearest year.

Infrastructure a favourite

Asked where they would like to see more consolidation, half of the respondents said they would want to see more collaboration in market infrastructure.

Asset Servicing Times quotes an unnamed panelist:

“There are so many things that need to be considered, which is why consolidation is ongoing. Banks try not to have too many relationships as it is getting more complicated all around.”