Currency Fluctuations Weigh On Asset Bases Of Global Custody Banks

Global custody banks have had a strong run in recent years, as the slew of stricter rules in the aftermath of the economic downturn has boosted demand for their services. This is because more financial institutions are now turning to custody banks to take care of accounting, back-office and middle-office activities in light of the added complexity in compliance and reporting requirements. This in turn has helped the assets under custody for the world’s largest custodians grow steadily – earn...