Thomas Murray's Sub-Custodian Monitoring service assists banks in meeting regulatory, fiduciary, client and internal obligations for the periodic review of their appointed sub-custodians, while sharing costs with other Thomas Murray clients.
The service supplements banks’ own operational review processes whilst helping them to reduce the expense and disruption of having employees away from the office. Thomas Murray's work covers all markets/agents used by our clients and includes on-site operational reviews for all locations.
The service provides a proprietary sub-custody assessment report on third party sub-custodians; call reports from onsite visits to the appointed local agent and two other major local sub-custodians; call reports from visits to the local CSD(s), Central Bank, Exchange(s) and Regulator(s); access to responses to our sub-custodian monitoring questionnaire and; access to responses to the generic client questions for each of the sub-custodians, issued annually.
Clients who use this product
Thomas Murray is the leading provider of data, risk assessments and analytics on global capital markets and financial counterparties.
Banks, funds and capital market institutions use Thomas Murray's products and services to supplement their internal resources, meet regulatory obligations and reduce costs.