Global Custodian and McLagan Join Forces to Transform Customer Satisfaction Surveys in the Securities Services Industry

Global Custodian (“GC”), the leading publication for the securities services industry, and Aon McLagan Investment Services (“McLagan”), which provides financial and compensation benchmarking services to the securities services industry, have formed a partnership to survey clients of the custodian and investment banks active in the securities services industry.

White Paper: Securities Services on Blockchain: A Value Analysis for Custodian Banks

Blockchain threatens the entire business model of the custody industry today. The findings present custodians with a stark choice. If they embrace blockchain technology but fail to use it to generate new revenue streams, their continued existence is at risk. Read our latest white paper on the subject.

Securities Services on Blockchain: The Disruption of the Custodian Banks?

In response to the many questions we received at our webinar discussing a recent white paper, Securities Services on Blockchain: A Value Analysis for Custodian Banks, we asked Alex Powell, co-author of the paper, to share his thoughts in response to the themes surrounding this important industry topic. We’ve grouped the Q&A into the following themes themes: Use Cases and Opportunities, Obstacles, Incentives, Standards Needed, Regulatory Responses, Cyber-security, Potential Consequences, and The Future.

Direct Custody and Clearing on Blockchain

The direct clearing, settlement and custody of securities in dozens of markets around the world currently relies on an extended chain of intermediaries. They include global and local brokers, global and sub-custodians, cash correspondents, central securities depositories (CSDs), and central counterparty clearing houses (CCPs).

McLagan Announces New Prime Services Offering

Rumours of the death of prime brokerage are exaggerated. An industry whose entire business model was brought into question by the introduction of the Basel III capital adequacy regime – and the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR) in particular – has not just survived the rising cost of capital but is thriving in spite of the constraints.

McLagan Launches Integrated Data Service to Help Custodian Banks Solve Business Problems

Custodian banks are under pressure. Regulation is increasing the cost of capital, liquidity and technology, making it hard to deliver higher service quality, rising profits and shareholder value. To help custodians make better-informed decisions in this challenging environment, McLagan has formed McLagan Investment Services to provide crucial business information to custodian banks.

Custodians Should Seize the Opportunities Created by the Digital Revolution

Under the burden of low interest rates, expensive regulatory compliance programmes and rising capital and liquidity requirements, custodian banks are struggling to create value. But the digital revolution is a great opportunity for custodian banks to escape their current predicament and seize control of their commercial destiny, McLagan Investment Services co-lead Dominic Hobson told the industry in his address to the NeMa conference in Dubrovnik on 16 June 2016.

Cutting Costs Without Damaging the Business Requires Detailed Information About What is Working and What is Not

In the investment services industry, every bank and fund administrator is under margin pressure. Regulation is increasing the cost of capital and liquidity. Shareholders are increasingly restless about weak share price performance. At the same time, clients are demanding more for less, in terms of both service quality and risk transfer.