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Survey Participants BNY Mellon Asset Servicing BNP Paribas Securities Services Brown Brothers Harriman HSBC Securities Services JP Morgan The Northern Trust Company RBC Dexia Investor Services State Street Corporation |
One of the sticking points in the Madoff case is related to the flow of information regarding the value of Madoff fund assets. "The biggest challenge for a custodian is to make sure the assets are properly valued. If there is a lack of transparency, it would certainly make the custodian's job a lot more difficult in getting accurate information on behalf of the client," said John Giudice of Buttonwood International Inc., a New York consulting firm. Source: Robin Sidel, "Aggrieved Investors Turn Sights to Banks," WSJ, February 3, 2009 Now in our fifteenth annual survey year, Buttonwood International has queried the world's largest global custodians on the important trends and issues of day. The global custodians participating in Buttonwood's surveys are the most well-informed securities professionals in the industry. Their insights and commentary provide an exceptional understanding of the nuances of foreign investing in over 100 worldwide markets. As major service providers, they are responsible more than USD 60 trillion in custody assets.
Buttonwood's GCY publications:
The Global Custody Yearbook is read worldwide by institutional investors, fund managers, broker-dealers, banks, legal firms, academia, pension fund consultants, industry regulators ...in short, professionals with a serious interest in the global securities marketplace. "The growing demand for derivatives is today’s most critical processing challenge, and represents a risk exposure to the fund investor. In particular, OTC derivatives are difficult to process, to value, and to risk assess. Risk management models are lacking the necessary information to properly assess the risk." Source: Buttonwood's survey results from The Industry Forum, September 2006 Management consultants serving the global securities industry 14 Wall Street, 20th Floor, New York, NY 10005 |
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