Happy New Year! Gong Hey Fat Choy!
So a New Year starts - both in the UK and Asia - and with it fresh challenges? Well, not really; the Securities Services industry is still facing many of the issues which dogged it over the past few years; a low interest rate environment, a reluctance to invest heavily in staff or operations and a desire to cut costs wherever possible. On the bright side, they say 'it's always darkest before the dawn' so my personal contention is that whilst we have a little way to go before we find rock bottom, there will come a time where confidence returns, firms [...]