It is hardly news that the credit crisis has changed the landscape for financial institutions. But David Cruikshank, CEO of treasury services at BNY Mellon, isn’t only focusing on the requirements for more responsibility, he’s looking at the opportunities that mobile phones and the emerging markets offer.
Q: The Sibos conference has presented a number of running themes but on your panel there was an interesting take on the developments within treasury services. What shifts have you noticed within your sector?
A: The main theme was the changing nature of the correspondent bank market and the move away from reciprocity and more fiduciary responsibility.
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