| Category |
Securities |
| Description |
In light of recent market developments (e.g., the Madoff Affair), the area of custody
has become more important and more visible than ever before. The increased focus
on custody is likely to result in major changes to EU regulations (cf., the Directive on
Alternative Investment Fund Managers [AIFM]) and, subsequently, market practice.
By focusing on custody operations for securities and investment funds in Europe,
this course provides participants with an in-depth understanding of custody from
both an operational and a regulatory perspective. |
| Content |
- Principal activities belonging to the area of custody
- Different players in the area of custody (e.g., global custodians, sub-custodians,
central securities depositories)
- Responsibilities of custodians
- Safekeeping of assets
- Corporate actions and their characteristics
- How corporate actions are calculated, processed and paid
- Corporate actions in the investment fund market
- Custody operations in central securities depositories
- Standards and market conventions in the custody area
- Changing regulatory requirements for custodians (e.g., AIFM Directive)
- Trends that will impact the future of custody
|
| Audience |
up to 12 participants |
| Duration |
1
days |
