To start with, a projected shortfall in eligible collateral—potentially in the trillions of dollars—means transformation and optimization tools will be crucial. As BNY Mellon's Nadine Chakar puts it, the various "building blocks" required to make that happen require heavy technology investment.
"First of all, you have to connect the dots," BNY's head of global financial institutions says. "This means knowing where your collateral sits through aggregation platforms that are legal-entity aware. Th
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails