Clive Triance, head of securities and fund services and direct custody and clearing, Europe, Middle East and Africa, at Citi, tells Heather McKenzie how the EU clearing and settlement landscape is moving towards better processing, increased efficiency and general market transparency.
Any combination of factors will be considered before a financial institution makes the decision to outsource, says Heather McKenzie. But cost and efficiency are basic requirements.When it comes to outsourcing, definitions are as varied as the deals that are done. The simplest definition is the handing over of processes for a third party to run.