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<br /> Summer 2014<br /> risk.net<br /> CLEARING l SECURITIES LENDING l FUND ADMINISTRATION<br /> Africa derivatives<br /> Exchanges tackle regulatory and technology barriers<br /> Americas Awards<br /> This year's winners announced<br /> Central bank loans<br /> CCPs weigh emergency liquidity<br /> Top 50 mandates<br /> Annual ranking of global custody wins<br /> ONE PLATFORM,<br /> A WORLD OF<br /> FLEXIBILITY<br /> 4<br /> 2013<br /> Multifonds is a leading investment fund platform<br /> for both alternative and traditional funds<br /> · Portfolio Accounting, combining the IBOR and<br /> ABOR on a single platform<br /> · Fund Accounting, a highly efficient, exception<br /> driven accounting platform<br /> · Global Investor, the leading cross asset class<br /> investor servicing and transfer agency platform<br /> Today more than $3.5 trillion in assets in 30+ global<br /> jurisdictions are processed on Multifonds for the<br /> world's leading <a title="Custody Risk Issue 100 page 1" href="http://viewer.zmags.com/publication/39c55063?page=1"> Summer 2014 risk.net CLEARING l </a> <a title="Custody Risk Issue 100 page 2" href="http://viewer.zmags.com/publication/39c55063?page=2"> ONE PLATFORM, A WORLD OF FLEXIBILITY 4 201</a> <a title="Custody Risk Issue 100 page 3" href="http://viewer.zmags.com/publication/39c55063?page=3"> People power Read it first online Article</a> <a title="Custody Risk Issue 100 page 4" href="http://viewer.zmags.com/publication/39c55063?page=4"> CONTENTS ISSUE 100 21 A</a> <a title="Custody Risk Issue 100 page 5" href="http://viewer.zmags.com/publication/39c55063?page=5"> EC tries to close Emir foreign exchange loophole </a> <a title="Custody Risk Issue 100 page 6" href="http://viewer.zmags.com/publication/39c55063?page=6"> NEWS Asia trade reporting process`smoother'than</a> <a title="Custody Risk Issue 100 page 7" href="http://viewer.zmags.com/publication/39c55063?page=7"> NEWS Buy side urged to share risk of CCP colla</a> <a title="Custody Risk Issue 100 page 8" href="http://viewer.zmags.com/publication/39c55063?page=8"> FIRST PERSON New paradigm for collateral Clearing</a> <a title="Custody Risk Issue 100 page 9" href="http://viewer.zmags.com/publication/39c55063?page=9"> Phrases such as `enterprise-wide' or `holisti</a> <a title="Custody Risk Issue 100 page 10" href="http://viewer.zmags.com/publication/39c55063?page=10"> AFRICA DERIVATIVES Lion's share Initiatives to es</a> <a title="Custody Risk Issue 100 page 11" href="http://viewer.zmags.com/publication/39c55063?page=11"> AFRICA DERIVATIVES Maggy Meyer/shutterstock.com </a> <a title="Custody Risk Issue 100 page 12" href="http://viewer.zmags.com/publication/39c55063?page=12"> AFRICA DERIVATIVES although there was never any</a> <a title="Custody Risk Issue 100 page 13" href="http://viewer.zmags.com/publication/39c55063?page=13"> like Nigeria, Ghana, Kenya, Egypt – and the Casab</a> <a title="Custody Risk Issue 100 page 14" href="http://viewer.zmags.com/publication/39c55063?page=14"> AFRICA DERIVATIVES “Africa is a market untapped</a> <a title="Custody Risk Issue 100 page 15" href="http://viewer.zmags.com/publication/39c55063?page=15"> PROFILE: LEE BETSILL A clear advantage? The ne</a> <a title="Custody Risk Issue 100 page 16" href="http://viewer.zmags.com/publication/39c55063?page=16"> SEFS A broken market Two-speed reforms in the US </a> <a title="Custody Risk Issue 100 page 17" href="http://viewer.zmags.com/publication/39c55063?page=17"> SEFS CarpathianPrince/shutterstock.com executio</a> <a title="Custody Risk Issue 100 page 18" href="http://viewer.zmags.com/publication/39c55063?page=18"> SEFS nine months to migrate non-US trad- ing re</a> <a title="Custody Risk Issue 100 page 19" href="http://viewer.zmags.com/publication/39c55063?page=19"> “Everyone is afraid we are going to end up with t</a> <a title="Custody Risk Issue 100 page 20" href="http://viewer.zmags.com/publication/39c55063?page=20"> TOP 50 GLOBAL CUSTODY MANDATES SURVEY Northern T</a> <a title="Custody Risk Issue 100 page 21" href="http://viewer.zmags.com/publication/39c55063?page=21"> TOP 50 GLOBAL CUSTODY MANDATES SURVEY Top 50 glo</a> <a title="Custody Risk Issue 100 page 22" href="http://viewer.zmags.com/publication/39c55063?page=22"> TOP 50 GLOBAL CUSTODY MANDATES SURVEY Top 50 glo</a> <a title="Custody Risk Issue 100 page 23" href="http://viewer.zmags.com/publication/39c55063?page=23"> 4 www.custodyriskawards.com/americas AWARDS </a> <a title="Custody Risk Issue 100 page 24" href="http://viewer.zmags.com/publication/39c55063?page=24"> Contents 23 Methodology 24 The judging panel </a> <a title="Custody Risk Issue 100 page 25" href="http://viewer.zmags.com/publication/39c55063?page=25"> METHODOLOGY Custody Risk has a rigorous applica</a> <a title="Custody Risk Issue 100 page 26" href="http://viewer.zmags.com/publication/39c55063?page=26"> Winners and shortlist THE JUDGING PANEL </a> <a title="Custody Risk Issue 100 page 27" href="http://viewer.zmags.com/publication/39c55063?page=27"> WINNERS & SHORTLISTED Custodian of the Year: </a> <a title="Custody Risk Issue 100 page 28" href="http://viewer.zmags.com/publication/39c55063?page=28"> SPONSORED FEATURE Securities Lender of the</a> <a title="Custody Risk Issue 100 page 29" href="http://viewer.zmags.com/publication/39c55063?page=29"> SPONSORED FEATURE Post-trade Technology Ve</a> <a title="Custody Risk Issue 100 page 30" href="http://viewer.zmags.com/publication/39c55063?page=30"> The evening in pictures 28 Custody Ri</a> <a title="Custody Risk Issue 100 page 31" href="http://viewer.zmags.com/publication/39c55063?page=31"> risk.net/custody-risk 29</a> <a title="Custody Risk Issue 100 page 32" href="http://viewer.zmags.com/publication/39c55063?page=32"> CCP LIQUIDITY Overnight heroes If a clearing hou</a> <a title="Custody Risk Issue 100 page 33" href="http://viewer.zmags.com/publication/39c55063?page=33"> Few central banks will say on record whether publ</a> <a title="Custody Risk Issue 100 page 34" href="http://viewer.zmags.com/publication/39c55063?page=34"> CCP LIQUIDITY That seems fairly reassuring,</a> <a title="Custody Risk Issue 100 page 35" href="http://viewer.zmags.com/publication/39c55063?page=35"> for securities clearing and [Singapore Exchange D</a> <a title="Custody Risk Issue 100 page 36" href="http://viewer.zmags.com/publication/39c55063?page=36"> PEOPLE MOVES BNP Paribas appoints to senior ro</a> <a title="Custody Risk Issue 100 page 37" href="http://viewer.zmags.com/publication/39c55063?page=37"> and its corporate secretary unit. Shuman was most</a> <a title="Custody Risk Issue 100 page 38" href="http://viewer.zmags.com/publication/39c55063?page=38"> PEOPLE MOVES and join the IFDS board of directo</a> <a title="Custody Risk Issue 100 page 39" href="http://viewer.zmags.com/publication/39c55063?page=39"> MANDATE WATCH Custodians expand into new geog</a> <a title="Custody Risk Issue 100 page 40" href="http://viewer.zmags.com/publication/39c55063?page=40"> MANDATE WATCH David O'Keeffe at SMT Truste</a> <a title="Custody Risk Issue 100 page 41" href="http://viewer.zmags.com/publication/39c55063?page=41"> value-added custody services, such as settlement </a> <a title="Custody Risk Issue 100 page 42" href="http://viewer.zmags.com/publication/39c55063?page=42"> LAST WORD Quotes of the quarter The UK continues </a> <a title="Custody Risk Issue 100 page 43" href="http://viewer.zmags.com/publication/39c55063?page=43"> The new bumper issue Download all the Risk public</a> <a title="Custody Risk Issue 100 page 44" href="http://viewer.zmags.com/publication/39c55063?page=44"> Securities Financing Collateral and Liquidit</a>