London, 2 March 2016 – Most financial institutions have a long-term employee who deals with the corporate actions life cycle, and his name is Manuel Process. Very few of his traditional tasks have been automated, and many firms are keen to craft an official retirement plan for Manuel. But complex voluntary corporate actions are unlikely to achieve 100% straight-through processing, so Manuel is here to stay. Could investments in automation get him some much-needed support?
This report, the first in a series of two, examines the level of manual effort in the corporate actions process as well as areas where successful automation has been achieved. It also looks at drivers for investment in automation, including standards adoption as well as regulatory and infrastructure changes. It is based on Aite Group surveys conducted with market participants representing banks, asset managers, third-party administrators, and broker-dealers that have knowledge of the corporate actions process.
This 36-page Impact Report contains 21 figures and two tables and mentions ASX, DTCC, Jasdec, SWIFT, and TSE. Clients of Aite Group’s Institutional Securities & Investments service can download this report.