For institutions that have scale, the right product mix, burgeoning distribution channels and consistent investment performance and processes, there is a strong strategic rationale and financial reward for participating in the asset management business, according to a report by Standard & Poor’s. ‘The motivation of easy money, however, which has driven financial institutions to build up asset management services over the past decade is less compelling, as performance expectations are currently much more circumspect,’ said credit analyst Walter Pompliano. Despite the significant amount of mergers and acquisition activity over the past decade, the number of participants and the amount of funds available grew by 165 per cent from 1990, and the industry remains highly fragmented. Standard & Poor’s expects that strategic initiatives for the sector will continue to include acquisitions, disposals, alliances, further significant technology and infrastructure investments, as well as selected product line expansion and contraction. Notwithstanding the recent ratings trends there are no immediate threats to the outlook or ratings on the largest players due to the downcast returns, because most members of the Standard & Poor’s rating universe are deemed to have the franchise and scale necessary to support a viable long-term position in asset management.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more