John Cotter
VP & Global Custodian Network Manager
UNION BANK
San Francisco, California
What is the role of the Sub-Custodian in the securities processing
model? Please join John as he explains the role of the sub-custodian in
terms of risk and accountability. After attending this session,
attendees will be able to define sub-custodial risk versus market risk.
Attendees will learn and be able to assess the components of
Sub-Custodian risks in terms of Operational Risks, Credit Risks,
Legal/contractual Risks, Systems/Communication Risks, Physical
Infrastructure Risks, Regulatory Risks, and Settlement Risks. Attendees
will learn and be able to assess the components of Market risks in the
areas of Counterparty Risks, Foreign Exchange Risks, Depository Risks,
Settlement Risks, Regulatory (including taxation) Risks, and Other
Market Risks.
