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Author:Rutter, J.
Title:Custody is dead, long live custody
Journal:Euromoney
1999 : MAY, 5, p. 79-88
Index terms:BANKS
INDUSTRIES
MERGERS
Language:eng
Abstract:A revolution in securities settlement will make Emu and Y2K look like child's play. An it will be the death knell of custody as we know it. Increasingly, custodians see their business as information, not safe-keeping. Meanwhile the consolidation continues. Bankers in more glamorous businesses may not think much about custody, but they should. The business sits underneath most of what they do, and the custody chiefs at their banks are the forefront of the most radical re-engineering of global capital markets yet seen.
SCIMA record nr: 193354
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