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Conférence AFTI / AUREXIA sur le « Développement Européen de la conservation retail»Première manifestation AFTI de l'année, ce petit-déjeuner auquel ont participé, outre Aurexia, notre partenaire, des représentants de cinq banques particulièrement actives sur ce segment d'activité, a tenu toutes ses promesses.Près d'une centaine de personnes se sont déplacées pour assister à cette présentation.
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Table ronde AUREXIA / AFTI « Développement Européen de la conservation retail»Ce petit déjeuner organisé en partenariat avec l'AFTI permettra de traiter la question du développement européen de la conservation retail.
En effet, la forte progression de la banque de détail à l'étranger, l'externalisation croissante des processus titres par les banques européennes constituent des enjeux stratégiques pour les acteurs français de la conservation pour les particuliers.
Après une longue phase de migrations et de concentrations, le marché domestique est aujourd'hui mature : la croissance passe désormais par l'Europe. Les acteurs français étudient donc la mutualisation des plates-formes titres et des processus. A cela s'ajoutent des initiatives européennes (Target 2 Securities par exemple) ou nationales (dématérialisation des titres en Belgique) visant à aboutir à moyen terme à un marché « domestique » européen et à une harmonisation de la réglementation.
Après un bref rappel du contexte, de grands acteurs français de la tenue de compte conservation retail, réunis autour d'une table ronde, vous feront part :
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Banque dépositaire : Bruxelles veut un meilleur contrôleInterviewé dans l'Agefi Hebdo, Aurexia par le biais de Philippe Anquetil, associé, revient sur les orientations règlementaires que devrait prendre Bruxelles pour améliorer la sécurité des avoirs déposés auprès des banques dépositaires.
Retrouvez l'article paru dans l'AGEFI HEBDO du 12/12/2009 au format PDF ci dessous
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BP2S fait l'acquisition d'ArlisPhilippe Anquetil, associé Aurexia, commente dans l'AGEFI l'acquisition de la filiale services titres du groupe Lagardère par BP2S.
Soulignant l'importance de la taille critique dans le secteur, BP2S par le biais de cette acquisition se renforce dans une prestation de services aux investisseurs - la détention de titres en nominatif.
Retrouvez l'article paru dans l'AGEFI du 16/12/2009 au format PDF ci dessous:
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European main custody IT solutions benchmarkEuropean main custody IT solutions benchmark
While the Securities services industry is currently going through significant changes (geographical expansion in the retail banking industry, stakeholders concentration in the custody industry, reinforcement of regulatory constraints, harmonisation of settlement processes, growing number of execution venues and clearing infrastructures…), Aurexia has conducted market research in order to benchmark the main Custody IT solutions which are available on the market.
In order to achieve this analysis, we have:
Selected a panel of 8 software editors
Established a peer comparison based on tools as well as corporate criteria
Collected documentation in addition to organising live demos
Shared point of views with those editors as far as their business development strategies were concerned, both in France and throughout Europe.
Paid close attention to the rising needs of our clients
The research focuses on the following functional coverage of a custodian/account keeper
This benchmark aims at :
Providing a better understanding of the Securities processing IT systems European market and their functionalities
Identifying the strengths and weaknesses of each IT solution
Analysing business development strategies as well as implementation strategies of European editors
Assist our clients in their choice of the most adequate solution in accordance to their strategic goals and ambitions.
In order to further harmonize their IT systems or to go global on their activities, some questions arise for banking institutions to remain competitive:
In conclusion, there is no such thing as a unique solution which would cover all the needs at once. As a matter of fact, a universal banking system shows some limits, especially when it comes to managing domestic specificities pertaining to account keeping, local regulatory constraints or tax particularities (such as SRD or PEA in France)
Major banking institutions which are well-established on their domestic market are mainly expanding towards 3 regions: Western Europe, Eastern Europe as well as emerging countries. In order to stay competitive, IT solutions providers not only tend to gain a better geographical coverage as well, but also to improve the modularity of their solutions. This should give rise to new business partnerships or ventures in the short-run.
As far as ergonomics aspects are concerned, significant progress was made in terms of user-friendly interfaces thanks to new technologies such as RIA (Rich interface applications).
Generally speaking, editors foresee that tax regulations in Europe will probably follow the harmonisation trend. However, these players still have to stay up-to-date by following banking institutions in the race to globalization and developing strategies to acquire new markets.
As for banks, they will not hesitate to combine the strengths of several IT solution providers in order to meet their functional as well as geographical needs.
For more information, please contact : Dominique Herrou, Partner (06 77 94 48 14)
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Aurexia in Revue Banque (n°698, Janvier 2008)Two months after the MIFID is put in place, Dominique Herrou analyses the main impacts of the directive on IT systems for the main banking activities: retail banking, private banking, and investment banking...
After having implemented the mandatory aspects of the MIFID from the 1st of November 2007, each business has decided to invest more or less in the automated management of appropriateness, suitability or the smart order routing systems.
Find the full article in PDF format by clicking on the link below:
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Aurexia in Option FinanceIn the following article Dominique Herrou expresses his thoughts regarding the Focus Strategy “Conservation d’actifs” published in Option Finance n°956 (19 November). This followed the Depositaries and Custodians annual conference last October, where Philippe Anquetil and Dominique Herrou spoke on the issue of value-added services offered by banks to management companies.
Aurexia defines its vision on the issues that custodians will be confronted with: MTF platforms, increasing responsibility due to the launch of new products such as the OPCI, position holding and quality-improvement processes using Key Performance Indicators...).
F. Bonnevay (BPSS), F. Marion (CACEIS) and A. Closier (SGSS) also outline their development strategies.
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Aurexia's October EventAUREXIA will be a partner at the 6th Annual Conference of Depositaries and Custodians held by the International Development Institute on the 23rd and 24th October 2007.
This conference is taking place at the Hotel Napoléon in Paris and will draw a comprehensive outlook on the latest post-market developments.
Within this Conference, Aurexia's Associate Director, Philippe Anquetil will speak on: "The key- factors and valuation of the service platform for depository banks".
"How can we offer value added services to meet the increasingly high requirements of management companies ?"
Over these two days, representatives of the major companies in this field will exchange views on the impact of regulatory changes and market infrastructures on Custody. This event will also be an occasion to compare strategies and summarise the issues raised by post-market activities.
Check the conference programme here :
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