21 September 2015

ISSA commissioned Study on the Benefits and Costs of Securities Accounting Systems

In conjunction with ISSA’s work on Financial Crime Compliance Principles, ISSA commissioned Coventry University via the Swift Institute to undertake research on the Benefits and Costs of Securities Accounting Systems.

The Study concludes that omnibus and segregated accounting systems as well as hybrid systems that bridge the two offer benefits to their respective users as well as disadvantages. The research reveals that it has not been demonstrated conclusively that -absent robust anti-money laundering and sanctions screening on the part of financial institutions – either the omnibus account or segregated account or a hybrid version thereof is no longer fit for purpose. To some extent, the conclusions are supported by a survey conducted among the ISSA membership in the course of the second quarter 2015.

The research was conducted by Professor Stuart Weinstein and Dr. Sina Yekini.

You can download the ISSA paper here.

Register for Updates

Enter your email address below for paper and proposal calls, updates and info

By Nancy Murphy

An updated for 2021 Cyper-security Tollbox now available

The SWIFT Institute continues to partner with the Carnegie Endowment for International Peace to bring you this updated  toolkit to...

Read more
By Peter Ware

Sibos Academy: Defining Central Bank Digital Currencies

In October the new Sibos Academy stream launched as part of Sibos. Facilitated by the SWIFT Institute, the exciting new...

Read more