Risk Management
Published  4 MIN READ
Please note: this article is over 6 years old. If you feel this article is inaccurate or contains errors get in touch here . Many thanks, TMI

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.

 

A combination of regulation and increasing risk awareness has made reliable and effective due diligence a major priority for many depositary banks. But progress on this front has been stifled by the cost of obtaining sufficiently high-quality information. 

Related Articles

Risk Management
Mission Intelligence

Two industry experts offer an in-depth examination of AIs potential uses for risk management.

Risk Management
Don’t Forget to Breathe!

Natasha Condon and Martijn Stoker explain how corporate treasury teams can manage ongoing uncertainty in 2023.

Risk Management
Taking the Guesswork Out of Liquidity Buffers

Is there a more effective means of calculating and holding buffers while keeping risk under control?

Risk Management
Transfer Pricing for Treasurers: Navigating the Pitfalls

This article highlights some of the hurdles that treasurers must negotiate when designing and implementing tax transfer pricing policies.

Risk Management
Ports in a Storm

TMI asks whether today’s data-driven world has added to the challenge of counteryparty risk management or offers the ultimate solution to mitigating it.

Risk Management
Behavioural Economics

Increasing numbers of firms are leveraging insights into human psychology to help improve their operations, especially when it comes to risk management.

Risk Management
Getting Flexible: Treasury’s Response to Deglobalisation

The recent publication of the Deutsche Bank-sponsored Economist Intelligence Unit survey, ‘Manoeuvring uncertainty: Treasury priorities in a volatile, post-pandemic market’, revealed rising macroeconomic concerns...

Risk Management
All For One

Danone’s multi-phase technology-fuelled project tackling risk in Asia has created a more agile, resilient, and connected operation.

©2023 P4Publishing Limited All rights reserved. Registered in England & Wales No. 5838515