This Week's Top Stories
December 17 2020
Net interest income, the ability to make money off of customer cash deposits, has shrunk at major custodian banks in 2020 due to low US interest rates and tight spreads. The actual reduction plus the expectation of lower net interest income for the next few years will have sharp impacts for custodians, their clients and counterparties.
December 16 2020
Representatives from the Bank for International Settlements, European Securities and Markets Authority, and Commodity Futures Trading Commission spoke at the DTCC’s forum in early December to underscore the desire for regulatory convergence and the steps being taken to get there.
