Though global regulations impacting the financial industry are still hotly debated, vendors are seeing opportunities at the Sibos settlement and payments conference in Toronto.
Among the delegates, major asset servicing providers are looking to establish more meaningful partnerships with the asset management industry as the push to transparency forces change across the entire financial industry's supply chain.
Still, participants are acutely aware that the markets seem to have jumped from the Lehman Brothers frying pan into the European sovereign debt fire.
Uncertainty over the myriad of global regulations and subsequent rules which dominate discussions - FATCA, Dodd-Frank, Emir, to name a few - seem to indicate that though solutions are evolving, commitment to any one functional model may remain elusive.
Vendors providing technological solutions, however, see the opportunity, while the pressing need for standardised messaging within the financial industry to meet not just client demand for efficiency, but also to pave the way for reporting requirements and transparency is bringing the back office function front and centre.
