All Securities Services articles – Page 37
-
Features
Why tri-party repo
The case for investors conducting business on an increasingly secured or collateralised basis only appears to grow stronger and more compelling with each mounting crisis or default in the market. Earlier this year we had AIB and large FX losses. This was followed swiftly by the Enron default. Traditionally legislation ...
-
Features
Technology turns the tables
Is big becoming a problem in the custodian world? This article explores the issues that big custodians are having to contend with in an environment of more rapid change and fierce competition. The catchword of the large custodian banks has traditionally been that size matters. To make money, develop technology ...
-
Features
Pension funds score better
All compulsory industry-wide pension funds in the Netherlands have ‘passed’ the first performance test of the Z-score system introduced in 1998. The results were published last month by the Asociation of Industry-wide Pension Fund (VB) and the Company Pension Fund Organisation (OPF) Under the Z-scores system pension fund boards have ...
-
Features
Lessons from the Merrill/Unilever case
Apart from FRS17, the two big events in 2001 for UK pension funds were the Myners Report in March and the Unilever/Merrill trial from October to December. If they shared one thing in common, it was that they referred extensively to the way we measure performance of pension funds, and ...
-
Features
The medium is the message
Investments are only as good as the information they are based on. In today’s world, there is no shortage of information and the problem has become more one of identifying the most relevant sources and integrating the information efficiently into the investment decision making process. New technology is making it ...
-
Features
Rating moves into pensions
A decade ago, few participants in European capital markets would have recognised the term credit rating and fewer still within the pensions sector. Today, credit ratings are an increasingly recognised component of investors’ tool-box, but are only just beginning to emerge in a pensions context. Credit ratings are opinions from ...
