Inte tillgängligt på svenska
Ingmar Vansieleghem
- 29 January 2021
- OCCASIONAL PAPER SERIES - No. 256Details
- Abstract
- Custodians play a key but discrete role in the global financial market infrastructure. In Europe, they are licensed as “credit institutions ”, a legal requirement for European deposit-taking institutions, and therefore they face the same prudential requirements as “traditional” banks. However, their business model and risk profile are different from those of traditional banks since the core of their activity does not encompass balance sheet transformation and the associated risks.
- JEL Code
- G15 : Financial Economics→General Financial Markets→International Financial Markets
G21 : Financial Economics→Financial Institutions and Services→Banks, Depository Institutions, Micro Finance Institutions, Mortgages
G28 : Financial Economics→Financial Institutions and Services→Government Policy and Regulation
L22 : Industrial Organization→Firm Objectives, Organization, and Behavior→Firm Organization and Market Structure