Banks are at risk of exposure to weak and poorly run transfer agents. Every fund that a bank distributes has an underlying transfer agent, making it a case of good versus bad funds in terms of the underlying transfer agent that they use. The exposure, through liability, is brought about through the AIFMD and UCITS V directives, but there is a real danger of reputational damage to a bank if an underlying transfer agent becomes insolvent.
In the post-Madoff world, banks continue to suffer from poor administration at the transfer agent level beneath the funds that they distribute. Thomas Murray's Transfer Agent Monitoring actively help banks to get a firm grasp on the underlying administration of the funds that they distribute.
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.