Π‘ΡΠ΄ΡΡΠΆΠ°Π½ΠΈΠ΅ΡΠΎ Π½Π΅ Π΅ Π½Π°Π»ΠΈΡΠ½ΠΎ Π½Π° Π±ΡΠ»Π³Π°ΡΡΠΊΠΈ Π΅Π·ΠΈΠΊ.
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 βcredit institutions β, a legal requirement for European deposit-taking institutions, and therefore they face the same prudential requirements as βtraditionalβ 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 EconomicsβGeneral Financial MarketsβInternational Financial Markets
G21 : Financial EconomicsβFinancial Institutions and ServicesβBanks, Depository Institutions, Micro Finance Institutions, Mortgages
G28 : Financial EconomicsβFinancial Institutions and ServicesβGovernment Policy and Regulation
L22 : Industrial OrganizationβFirm Objectives, Organization, and BehaviorβFirm Organization and Market Structure