Utility Belt: How Utilities are Stepping Up
Banks, looking for ways to cut costs and meet regulatory pressures, are increasingly turning to collaborative projects like utilities.
Cooperation is not exactly a strong suit of financial services firms. In an industry that works hard to protect valuable information, collaboration very rarely happens—or at least, is very rarely successful. But in the past few years, more partnerships between firms have sprung up—particularly around common services like utilities—as the industry grapples with new regulations and increasing costs.
From the Depository Trust and Clearing Corp.’s (DTCC’s) and Euroclear’s Margin Transit Utility and
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