Latest articles from Securities services

cover story March 2013

Collateral: the hunt is on

More people need it, there might not be enough of it, and much of it is locked up and cannot get to where it needs to go. Collateral is in demand and the hunt is on.

European Central Bank

What do investment managers need from brokers?

As their global operating models evolve, what do investment managers need from their service providers and what can they do to help themselves?

Philippe Chambadal

Post-trade processing: Challenges and trends

Philippe Chambadal, CEO of middle- and back-office processing technology provider SmartStream, discusses the post-trade landscape and the regulatory and operational challenges facing market participants.

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Fund processing plays catch-up

Much work has been done to standardise and automate fund processing, with several commercial solutions available, but the cost of processing fund transactions is still significantly higher than for bonds or equities and this is hampering critical mass. Is a more centralised market infrastructure needed to tackle processing costs? Writer Frances Maguire

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Regulation collaboration comes closer

An unprecedented overhaul of the securities industry is taking place under politically mandated reform. This is forcing markets and regulators to work more closely together to ensure that there is no repeat of the recent financial crisis. Writer Frances Maguire

Direct approach for CCPs

New legislation for over-the-counter derivatives from the European Commission next year will include a central counterparty directive. But what are the implications of the new law? Writer Frances Maguire

Post-trade, post-crisis: Smoothing the curve

Post-trade processing is an expensive overhead for financial firms, while the potential operational risk associated with trade breaks and bottlenecks is attracting increasing regulatory scrutiny. Writer, Frances Maguire

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Post-trade processing: The new imperative

Banks' back offices were exposed by the recent crisis as inefficient, lacking in scalability and ripe for increased regulatory scrutiny. Policy-makers and regulators, meanwhile, began to call for the creation of centralised industry utilities, in a bid to reduce the systemic risk associated with the trading, processing and clearing of a variety of complex products.

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Post-trade processing: Building new models

Both governments and global regulators are pushing banks and money managers to streamline their post-trade processing operations, improve transparency and to take a real-time approach in the back-office environment.

Hedge funds say quality counts

In the wake of the collapse of two major banks - Lehman Brothers and Bear Stearns - global custodian banks are persuading increasingly wary hedge fund managers to consider placing some of their assets into their relatively safe hands, rather than risk placing everything with prime brokers. Writer Frances Maguire