Custody & Asset Servicing

摘要

Custodians are under significant financial and competitive pressures resulting in lower profits. They are cutting costs and reducing investments, which has implications for their current client service and internal control mechanisms, as well as their long-term financial strength.rnThe current issues result from structural problems and general market conditions. The resolutions are likely to arise from some industry-level change, which may include increased fees and possibly industry consolidation. These changes may be disruptive in the intermediate term and raise the clients' overall risk profiles. Consequently, custody clients should be thinking about how they can identify, evaluate and address problems proactively.