The custody industry has undergone significant change over the last 15 years. Services offered by custodians have become increasingly sophisticated, the role of technology has been enhanced and as the importance of the role of custodians has become more recognised, their services have become increasingly regulated.

The Regulatory Affairs Working Group aims to assist ACSA members in addressing the challenges that exist in this area by developing tools and knowledge sharing opportunities for evaluating regulatory reforms, along with sharing information on the progress of reforms and their application to ACSA members. The Working Group systematically tracks information on reforms through regular meetings and the maintenance of an issues log. The Group also aims to engage pro-actively with regulators and other industry groups to drive the shape of reforms.

A number of Sub Working Groups report into the Regulatory Working Group, that are specifically designed to manage programs of work through consultation, advocacy, impact assessment and development of industry white papers.

The Working Group seeks to heighten the understanding of regulators, financial services industry participants and the media of the important role which is performed by custodians.

Executive Sponsor

Harpreet Ahuja  - HSBC Securities Services

Co-Chairs

Adam Taxakis - NAB Asset Servicing

Josephine Maiorana - BNP 

Member Organisations participating in this working group include:

• J.P. Morgan
• State Street
• NAB Asset Servicing
• BNP Paribas Securities Services
• The Northern Trust Company
• Citi Securities Services
• HSBC