The agreement allows Scotiabank to leverage BNP Paribas Securities Services’s expertise across asset classes, extensive proprietary network and knowledge of European markets
BNP Paribas reported its securities services revenues came in at €2.2 billion for Q4 2020, an increase of the €544 million total in the bank’s Q3 financial results
“Already concerns have been raised around how these can be adopted and whether they should be the solution for EMIR standardisation,” explains Capco’s Stephen McPherson
Northern Trust’s total assets under custody/administration totalled $14.5 trillion for Q4 2020 marking a 21 per cent year-on-year increase from its Q4 2019 results
State Street’s Q4 2020 results revealed investment servicing mandates announced in Q4 totalled $205 billion, with quarter-end servicing assets remaining to be installed in future periods of $436 billion
"BNP Paribas demonstrates its high resilience thanks to its financial solidity, its diversification, and the power of execution of its platforms," said CEO Jean-Laurent Bonnafé