The Risk
Central Securities Depositories (CSDs) are the central mechanisms for holding and transferring securities in every market in the world. In many cases they are bastions of stability and strengthen a financial market, but they can also pose significant risks to the financial system.
The Solution
Thomas Murray provides intraday monitoring and risk assessments of 140+ CSDs globally. We enable banks and other groups exposed to CSDs to understand the risks they pose, benchmark them against other markets and against best practices globally.
Our analysts are experts in CSD risk, including:
Asset Commitment
Liquidity
Counterparty
Asset Safety
Asset Servicing
Financial
Operational
Governance and Transparency
Thomas Murray scores every CSD
According to a CSDs capabilities, its operational infrastructure and its willingness and ability to protect participants and their clients from losses.
There are two primary use-cases for these assessments:
- Proprietary: where direct and indirect users of a CSD access the assessments for their own use, and they are not published publicly. Users of a CSD include Custody Banks, Broker Dealers, and Institutional Investors.
- Public: where a CSD commissions a rating on itself and makes it publicly available.
In addition to CSD Risk Assessments, Thomas Murray provides Cyber Security Ratings and ESG assessments of every CSD globally.
We safeguard clients and their communities
Petroleum Development Oman Pension Fund
“Thomas Murray has been a very valuable partner in the selection process of our new custodian for Petroleum Development Oman Pension Fund.”
ATHEX
"Thomas Murray now plays a key role in helping us to detect and remediate issues in our security posture, and to quantify ATHEX's security performance to our directors and customers."
Northern Trust
“Thomas Murray provides Northern Trust with a range of RFP products, services and technology, delivering an efficient and cost-effective solution that frees our network managers up to focus on higher Value activities.”
Insights
The Hidden Costs of Spreadsheet-Based Due Diligence
For decades, spreadsheets have been the default tool for operational due diligence. But the costs of this approach are becoming impossible to ignore.
Thomas Murray Launches “Beneath the Asset” Initiative
New analysis warns the classic understanding of asset safety is being fundamentally reshaped.
Missing Security Provisions: 10 Key Questions every Private Equity firm should ask their MSP
Most private equity firms assume their MSP is handling cyber security. Most are wrong.
Top 5 Things Investors and Allocators Should Look for in Technologies Streamlining Operational Due Diligence
Our work at the intersection of institutional risk and market infrastructure has shown us what makes ODD technology truly impactful.
Our expert
