The securities custody industry

Bericht

Custody is, in essence, a service consisting in holding (and normally administering) securities on behalf of third parties. In step with the growth of sophisticated financial markets, custody has evolved into a complex industry no longer characterised by physical safekeeping but by a range of information and banking services. Given the multi-tier structure of the industry, custody services are provided by a variety of intermediaries. This paper describes the development of the custody industry and the structure of the custody services market. It also discusses the risks involved in custody and the challenges the industry is facing, particularly in the European context.

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• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ECB Occasional Paper ; No. 68

Classification and Topics

• Classification: Wirtschaft ; International Financial Markets ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Firm Organization and Market Structure
• Subject: Custody industry ; securities settlement ; systemic risk ; custodian banks ; global custodians. ; Wertpapierdepot

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Chan, Diana ; Fontan, Florence ; Rosati, Simonetta ; Russo, Daniela
• Event: Veröffentlichung
• (who): European Central Bank (ECB)
• (where): Frankfurt a. M.
• (when): 2007

Further information

• Handle: http://hdl.handle.net/10419/154521