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<br /> Winter 2012/2013<br /> risk.net/custody-risk<br /> CLEARING l SECURITIES LENDING l FUND ADMINISTRATION<br /> Year of innovation<br /> The best of securities services in Europe<br /> State Street's dealmaker<br /> Jack Klinck on the Goldman<br /> Sachs acquisition<br /> Margin regimes<br /> Are OTC swaps over-margined?<br /> Sub-custody panel<br /> Relationships come to the fore<br /> MORE THAN A PARTNERSHIP:<br /> A GENUINE TEAM<br /> SECURITIES SERVICES<br /> In a complex and constantly-changing financial environment,<br /> we are committed to accompanying our clients' growth with<br /> securities services that meet their needs. Side by side, day<br /> b y d a y, w e b u i l d m o r e t h a n a p a r t n e r s h i p : a g e n u i n e t e a m .<br /> KEEP IN TOUCH WITH US : SG-SECURITIES-SERVICES.COM<br /> TWITTER @SG_SS FACEBOOK.COM/SGSECURITIESSERVICES<br /> Societe Generale Securities Service<a title="Custody Risk Issue 95 page 1" href="http://viewer.zmags.com/publication/a15995ef?page=1"> Winter 2012/2013 risk.net/custody-risk </a> <a title="Custody Risk Issue 95 page 2" href="http://viewer.zmags.com/publication/a15995ef?page=2"> MORE THAN A PARTNERSHIP: A GENUINE TEAM SECURI</a> <a title="Custody Risk Issue 95 page 3" href="http://viewer.zmags.com/publication/a15995ef?page=3"> COMMENT Uncertainty here to stay Editor Andr</a> <a title="Custody Risk Issue 95 page 4" href="http://viewer.zmags.com/publication/a15995ef?page=4"> Ten markets, ten cultures, one bank. For further</a> <a title="Custody Risk Issue 95 page 5" href="http://viewer.zmags.com/publication/a15995ef?page=5"> CONTENTS ISSUE 95 19 </a> <a title="Custody Risk Issue 95 page 6" href="http://viewer.zmags.com/publication/a15995ef?page=6"> NEWS Region round-up </a> <a title="Custody Risk Issue 95 page 7" href="http://viewer.zmags.com/publication/a15995ef?page=7"> PBoC official criticises US over Fatca The US sho</a> <a title="Custody Risk Issue 95 page 8" href="http://viewer.zmags.com/publication/a15995ef?page=8"> NEWS News in brief BNY Mellon to manage col</a> <a title="Custody Risk Issue 95 page 9" href="http://viewer.zmags.com/publication/a15995ef?page=9"> NEWS Industry turns out for European Awards </a> <a title="Custody Risk Issue 95 page 10" href="http://viewer.zmags.com/publication/a15995ef?page=10"> FIRST PERSON Back to basics Wade McDonald, head o</a> <a title="Custody Risk Issue 95 page 11" href="http://viewer.zmags.com/publication/a15995ef?page=11"> People moves Standard Chartered has appointed Sr</a> <a title="Custody Risk Issue 95 page 12" href="http://viewer.zmags.com/publication/a15995ef?page=12"> MANDATE WATCH Touchstone appoints BNY Mellon to </a> <a title="Custody Risk Issue 95 page 13" href="http://viewer.zmags.com/publication/a15995ef?page=13"> Events in 2013 Collateral management and client </a> <a title="Custody Risk Issue 95 page 14" href="http://viewer.zmags.com/publication/a15995ef?page=14"> SUBCUSTODY Drivers and growth for the sub-custo</a> <a title="Custody Risk Issue 95 page 15" href="http://viewer.zmags.com/publication/a15995ef?page=15"> SPONSORED FORUM Custody Risk: What efficien</a> <a title="Custody Risk Issue 95 page 16" href="http://viewer.zmags.com/publication/a15995ef?page=16"> SUBCUSTODY Custody Risk: Are we going to</a> <a title="Custody Risk Issue 95 page 17" href="http://viewer.zmags.com/publication/a15995ef?page=17"> SPONSORED FORUM Ulf Noren realising th</a> <a title="Custody Risk Issue 95 page 18" href="http://viewer.zmags.com/publication/a15995ef?page=18"> SUBCUSTODY Custody Risk: Which regulatio</a> <a title="Custody Risk Issue 95 page 19" href="http://viewer.zmags.com/publication/a15995ef?page=19"> events 2013 The live versions of Risk magazine </a> <a title="Custody Risk Issue 95 page 20" href="http://viewer.zmags.com/publication/a15995ef?page=20"> APRIL 2013 Empire Room, Empire State Building, Ne</a> <a title="Custody Risk Issue 95 page 21" href="http://viewer.zmags.com/publication/a15995ef?page=21"> AMERICAS AWARDS 2012 </a> <a title="Custody Risk Issue 95 page 22" href="http://viewer.zmags.com/publication/a15995ef?page=22"> 22 24 25 26 28 Contents European Awards 2012</a> <a title="Custody Risk Issue 95 page 23" href="http://viewer.zmags.com/publication/a15995ef?page=23"> The Custody Risk European Awards is one of two pr</a> <a title="Custody Risk Issue 95 page 24" href="http://viewer.zmags.com/publication/a15995ef?page=24"> Winners and shortlist Securities Services Provide</a> <a title="Custody Risk Issue 95 page 25" href="http://viewer.zmags.com/publication/a15995ef?page=25"> Private Equity Fund Administrator of the Year Win</a> <a title="Custody Risk Issue 95 page 26" href="http://viewer.zmags.com/publication/a15995ef?page=26"> SPONSORED FEATURE Asset Servicing Technolog</a> <a title="Custody Risk Issue 95 page 27" href="http://viewer.zmags.com/publication/a15995ef?page=27"> SPONSORED FEATURE Most Innovative Project o</a> <a title="Custody Risk Issue 95 page 28" href="http://viewer.zmags.com/publication/a15995ef?page=28"> SPONSORED FEATURE Sub-custodian of the Year</a> <a title="Custody Risk Issue 95 page 29" href="http://viewer.zmags.com/publication/a15995ef?page=29"> 19-22 March 2013 London Save the date Risk m</a> <a title="Custody Risk Issue 95 page 30" href="http://viewer.zmags.com/publication/a15995ef?page=30"> The night 28 Custody Risk European Aw</a> <a title="Custody Risk Issue 95 page 31" href="http://viewer.zmags.com/publication/a15995ef?page=31"> in pictures Custody Risk European Awards </a> <a title="Custody Risk Issue 95 page 32" href="http://viewer.zmags.com/publication/a15995ef?page=32"> AMERICAS AWARDS 2012</a> <a title="Custody Risk Issue 95 page 33" href="http://viewer.zmags.com/publication/a15995ef?page=33"> FUTURES One size fits none Some listed derivativ</a> <a title="Custody Risk Issue 95 page 34" href="http://viewer.zmags.com/publication/a15995ef?page=34"> FUTURES But the clear d</a> <a title="Custody Risk Issue 95 page 35" href="http://viewer.zmags.com/publication/a15995ef?page=35"> FUTURES then the next time it will call will be</a> <a title="Custody Risk Issue 95 page 36" href="http://viewer.zmags.com/publication/a15995ef?page=36"> PEOPLE PROFILE Art of the dealer Jack Klinck,</a> <a title="Custody Risk Issue 95 page 37" href="http://viewer.zmags.com/publication/a15995ef?page=37"> and New Jersey-based private equity servicing com</a> <a title="Custody Risk Issue 95 page 38" href="http://viewer.zmags.com/publication/a15995ef?page=38"> CLEARING Segregation clash Some European buy-side</a> <a title="Custody Risk Issue 95 page 39" href="http://viewer.zmags.com/publication/a15995ef?page=39"> arrangements “as indicated by the client”. The fi</a> <a title="Custody Risk Issue 95 page 40" href="http://viewer.zmags.com/publication/a15995ef?page=40"> CLIENT CLEARING Not clear yet After three years o</a> <a title="Custody Risk Issue 95 page 41" href="http://viewer.zmags.com/publication/a15995ef?page=41"> 1 CME Group client clearing – IRS and CDS ($ bill</a> <a title="Custody Risk Issue 95 page 42" href="http://viewer.zmags.com/publication/a15995ef?page=42"> LAST WORD The leading question What challenges/</a> <a title="Custody Risk Issue 95 page 43" href="http://viewer.zmags.com/publication/a15995ef?page=43"> Financial Risk Management News and Analysis </a> <a title="Custody Risk Issue 95 page 44" href="http://viewer.zmags.com/publication/a15995ef?page=44"> </a>