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Shared services: A case for capital market utilities
Journal of Securities Operations & Custody,
11
(3),
255-259
(2019)
Abstract
Global instability, increasing regulatory demands and plummeting revenues have left many market participants worried. Having exhausted all the traditional means to reduce costs and improve efficiency, financial institutions pursue non-traditional methods. This paper analyses how utilities are assuming greater prominence in order to mutualise risks and costs and achieve acceptable return on equity in a capital-constrained environment, while remaining compliant with ever-changing regulatory requirements, utilities are assuming greater prominence.
Keywords: market utilities; shared services; risk and cost mutualisation; outsourcing undifferentiated functions
The full article is available to subscribers to the journal.
Author's Biography
Shah Manan Manan Shah is a Director at Pricewaterhouse- Coopers. He is a global leader with over 15 years of experience in transforming the largest financial organisations from strategy through execution. In his role, he has cultivated client relationships, identified client relationships, identified opportunities and managed delivery teams. Manan has expertise delivering solutions across all functions of trade capture, middle office processing, settlement, clearing, collateral and counterparty risk management, liquidity, risk management and compliance. He has expertise in digital transformation, business and technical architecture development, business process redesign, vendor selection and implementation and programme management. Manan is recognised as a market leader in the collateral and counterparty risk management field, He has been invited to participate in ISDA working groups to provide guidance and expertise in order to make financial markets safer, more transparent and operationally efficient. He has published a number of papers in major publications and regularly manuscripts seeking publications in industry journals. Manan works actively with numerous financial services publications and serves on the editorial board of many of these publications. Due to his expertise and contributions to the industry through professional services, Manan was honoured as one of 25 Global Consulting Leaders for 2018 by Consulting Magazine, the flagship publication of the consulting profession. Manan holds a double master’s degree (City University, London and Carnegie Mellon University, Pittsburgh).
