Outsourcing collateral management: an evolution

The sub-prime crisis of 2008 both influenced and played an instrumental role in the growth of outsourcing banking services. As the crisis gained momentum, spilling into global markets in the third quarter of 2008, the defaults of banking giants sent shockwaves through every segment of the market. Regulators, risk officers and senior management at banks and buy-side firms shifted their attention from traditional market risk management towards gaining a better understanding of the…