Common Standards are Critical for Depositary Banks to meet due Diligence Demands

Date Friday, June 17, 2016
Magazine NeMa

Increasing emphasis on risk management and asset protection is putting a strain on due diligence processes for depositary banks – leading to time and cost pressures. The key to relieving these pressures lies in establishing a set of common industry standards for due diligence questionnaires, says Susanna Scheffold, global head of securities services at UniCredit.

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