
Chapter 8
Operational issues and the
future
I
n the book so far we have looked at the key issues surrounding
equity, debt, derivatives and custody. By now the reader will be
aware that clearing, settlement and custody are not small operational
processes. Also the reader will be aware that the whole financial
markets process is totally dependent on the efficient, accurate and
cost-effective operations process.
In another book in this series we describe controls and procedures
and clearly these play a significant role in the clearing and settlement
processes. For the operations manager and the team the objectives
are to devise procedures and processes that ...