Bank and Brokerage Back Office Procedures and Settlement: A Guide for Managers and Their Advisors

Financial institutions worldwide grapple with the problems of proper legal recording of customer transactions--whether a simple stock trade or conversion of currencies. This book shows banks, brokerages, mutual fund companies, and a host of financial institutions how to improve and enhance operations management to ensure careful and accurate back office activity and transactions settlement. "The increased advances in information technology, financial innovation, deregulation, and intensified competition has resulted in the vast growth in volume and value of financial transactions across the world's payments and settlement systems. This, in turn, has increased the payment and settlement risk implicit with them." "Bank & Brokerage Back Office Procedures and Settlements is a guide for bank and brokerage CEOs, executives, and boards who want to understand and implement back office procedures and settlements."--Jacket One of the many concerns arising from the advances in information technology, financial innovation, deregulation and intensified competition has been the vast growth in the volume and value of financial transactions across the world's payments and settlements systems.