Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/234497 
Year of Publication: 
2021
Series/Report no.: 
ECB Occasional Paper No. 256
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
Custodians play a key but discrete role in the global financial market infrastructure. In Europe, they are licensed as "credit institutions ", a legal requirement for European deposit-taking institutions, and therefore they face the same prudential requirements as "traditional" banks. However, their business model and risk profile are different from those of traditional banks since the core of their activity does not encompass balance sheet transformation and the associated risks.
Subjects: 
bank
custodian
credit institution
prudential supervision
JEL: 
G15
G21
G28
L22
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-4561-5
Document Type: 
Research Report

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