Custody: A business at the crossroads
Custody is supposed to be a boring transactional business where size counts and consistent revenues keep the machine well oiled. However, custodians are not immune from the volatility that has hit the market over the last year. While this has not threatened their survival, it has thrown open some new opportunities and threats to add to those that were already in play. The custody business is at a crossroads with some fundamental decisions required that will decide the winners and losers over the next 10–20 years.
Current issue: Transaction Banking Compass: Reshaping the vision: Emerging stronger from market transformation
There are three key areas banks need to address to sustain competitive relevance in the rapidly changing transaction banking field: how to get closer to chosen customers; how to manage risk and capital; and how to keep pace with market developments.
