Asset servicing industry to face ongoing challenges

Regardless of the growth of SWIFT''s ISO 15022 messaging, STP gains in asset servicing are minimal.

At Sibos 2004 in Atlanta, the industry admitted that it failed to make minimal STP gains in asset servicing.

The message in 2005 is not too different. Although vendors admit that muted progress has been made over the past 12 months, they are also quick to admit that a lot more needs to be done in terms of automated messages between custodians, issuers and investment managers.

In regards to year-on-year progress, several key developments have emerged in the asset servicing industry. SWIFT, sponsor of Sibos, has experienced double-digit growth in its ISO 15022 corporate action messaging platform and also inaugurated its SWIFTNet proxy voting solution....

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222