James Maxfield and Alastair Rutherford (Co-Chairs of the ISITC Europe CIC’s Post Trade Forum) and Gary Wright (Director of ISITC Europe CIC) talk to Asset Servicing Times’ Jenna Lomax about the association’s upcoming post-trade survey — and what it aims to outline — as the industry continues to feel the advantages and pressures of global...Read More
The blockchain/crypto/digital/de-fi evolution of financial services continues to gather momentum – with industry commentators predicting business model disruption that delivers a banking industry that looks very different from today. But whilst conceptual parallels with the world of crypto stimulate debate and industry consortiums explore proof of concepts, many across the industry struggle to conceptualise what...Read More
The pandemic shook off some of the inertia that has dogged the capital markets industry, but many organisations are still hamstrung by the inefficiency of their front to back operating models. Whilst a decade of regulation and electronification may have streamlined the front part of business models, for many their middle and back office has...Read More
Creating the case for change can be challenging where the impacted areas operate within a traditional cost centre mindset. Management agendas are typically dominated by prescriptive, cost-based metrics which can stifle transformation where the gains appear marginal. This is increasingly the case where cost arbitrage has led to a migration of processes to lower cost...Read More
The unfortunate reality of post trade infrastructure within capital markets is that the inherent complexity built up over time makes transformative agendas a tough sell. Given that systems and processes have suffered from a lack of investment over a long period of time, transformation is usually more about fixing the domain rather than driving radical...Read More
Having had six months to digest the policy guidance from UK supervisors around operational resilience, many organisations are still trying to understand what this means in practice. And as importantly, what level of response is appropriate to to ensure compliance is robust. With an increasing focus across the capital markets spectrum around digitalisation, proactive organisations...Read More
The evolution of financial services during the last decade was driven by an overwhelming tide of industry restructuring and regulation associated with fall-out from the 2008 crisis. This dominated management focus and forced business models to adjust (and in some cases pivot entirely to something new) to the new age in which they found themselves....Read More
On the 29th March 2021, the UK supervisory authorities publicised the final policy statements surrounding operational resilience. These had been in the pipeline since 2018, when the original discussion paper was published, and ends an extensive period of consultation across the industry. The objective had been to find a common set of standards across the...Read More
Two years ago, there was talk of a blockchain revolution in the post trade space, but in fact, there was little evidence of success in this area or capital markets in general. There were “proofs of concept”, small start-ups but not the big bang type of breakthrough that had been signalled. Confusion also reigned over...Read More
