Alternative investments and securities custody services have always been rather technology resistant. The former are notoriously difficult to standardize, owing to widely divergent products, variation of purpose and lack of mandated clearing.
Custody─in particular its aspects of control and establishment of ownership, among the other responsibilities of holding and administration─draws originally from the physical provision of a "safe place" for paper securities contracts, and even in the age of
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails