2017 Articles

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.

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).