Custodian role not threatened by depositories, says official

Could technology make custodians redundant? Not entirely. Leading industry practitioners believe the safekeepers will always have their role to play.

Rico Ngai

September 29, 2000

Are central depositories increasingly encroaching the turf of custodians'? A senior official from the Philippines Central Depository (PSD) today has allayed a common fear among custodian banks that their safekeeping and custodial roles could eventually be replaced by depositories around the world.

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