Subcustodians are being pressured by declining margins and low interest rates at the same time they are trying to cope with an onslaught of new regulatory requirements. For those with the skill and the wherewithal to meet the challenges, however, the business of protecting and servicing client assets remains profitable. Global investing is expected to continue to increase in the future.
FINANCE & CAPITAL | TRENDS: SOVEREIGN DEBT: SNAPSHOT: M&A
FINANCE & CAPITAL | MANAGEMENT: CORPORATE DEBT
FINANCE & CAPITAL | CAPITAL MARKETS: AMERICAN DEPOSITARY RECEIPTS
We sat down with Fergus McCormick, head of sovereign ratings at DBRS, to discuss the rating agency’s outlook for global markets, sovereign ratings and how the firm differs from its competitors.