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Compliance Key For Custodians.(Brief Article)
Securities Industry News
|
October 13, 2003 |
Kentouris, Chris |
COPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
Enron's implosion had implications well beyond its investors and employees and custodian banks have been among those attempting to enter the fray.
Almost all custodians today offer compliance products of one sort or another, of which even the most basic allow institutional investors an insight into their holdings that would preclude excessive exposure to one stock or sector or any performance-correlated investments.
Rolled out in January, Northern Trust's "Event Analyst" enables users to set triggers according to securities, currencies and market volatility and notifies clients via e-mail when predetermined parameters have been breached. "The biggest benefit …
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Source: HighBeam Research, Compliance Key For Custodians.(Brief Article)