Celent Securities & Investments Newsletter, March 2011
From the Senior Vice President
It goes without saying that the financial crisis changed the landscape, but it is worth noting that even areas that have been the most stable, by choice and by definition, are now seeing crucial changes. The Target 2 Securities implementation could decrease the value of the European post-trade business by fostering large institutions to self-clear, and could simultaneously increase the level of competition among post-trade services providers. Custodians are clearly moving toward front or middle office services. This is the topic of a webinar I presented on March 10.
Custodians were on the agenda when Celent gathered with clients and distinguished guests in London in January. The presentation and more information about the event are available on our website. This event provided insights on the changes, how custodians are adjusting, the likely winners, and what customers can expect.
The most dramatic changes, everyone agrees, will be new market regulations. What the industry terms "Basel III' is upon us, as well as Solvency II in insurance, and the Dodd-Frank Act in the US. Governments around the world have decided more is more in terms of regulations, and financial services firms should be determining the nature and scope of their responses now, not when the final regulations emerge.
Axel Pierron
Senior Vice President
Chart of the Month
From the Celent report Key Trends in the Indian Wealth Management Market: Market Dynamics at Work
Celent Published Reports
- IT Spending in Financial Services: A Global Perspective
- Wealth Management Opportunities in the European Life Insurance Industry
- Key Trends in the Indian Wealth Management Market: Market Dynamics at Work
- Portfolio and Risk Management Systems: Trends, Priorities, and Technology Strategies
Research in Progress
- Hedge fund IT spending
- Technology providers in FX
- Evolution of ETFs
Recent Events
Celent Securities & Investments in London
Webinar: What the European Buy Side and Sell Side Need to Know About the Evolving Role of Custodians