Risk Management
Published  4 MIN READ

Depositary Banks Need Common Standards for Effective Due Diligence

Depositary Banks Need Common Standards for Effective Due Diligence

by Susanna Scheffold, Head of Global Securities Services, Global Transaction Banking, UniCredit

Time and cost pressures caused by new regulation and increasing emphasis on risk management are proving problematic for depositary banks undertaking due diligence. Fortunately, common industry standards are already being developed – and these can go a long way to alleviating these pressures.