Shared services: A case for capital market utilities
Shah Manan
Journal of Securities Operations & Custody, 2019, vol. 11, issue 3, 255-259
Abstract:
Global instability, increasing regulatory demands and plummeting revenues have left many market participants worried. Having exhausted all the traditional means to reduce costs and improve efficiency, financial institutions pursue non-traditional methods. This paper analyses how utilities are assuming greater prominence in order to mutualise risks and costs and achieve acceptable return on equity in a capital-constrained environment, while remaining compliant with ever-changing regulatory requirements, utilities are assuming greater prominence.
Keywords: market utilities; shared services; risk and cost mutualisation; outsourcing undifferentiated functions (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jsoc00:y:2019:v:11:i:3:p:255-259
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