Over $5 trillion will be spent on technology in the financial services sector in the next three years. While there are many books covering purely technical issues, this is one of the very few that look at the challenge of how to manage financial services technology in an area that under-pins almost every part of our global civilisation.

Sabanes-Oxley is a recent development in US law that will affect both US and non-US firms seeking to comply with corporate governance initiatives. There is particular relevance to the financial services industry not just because of the fundamental applicability of corporate governance to the firms themselves, but because the firms act on behalf of many thousands of institutional shareholders who have similar concerns over both the companies they invest in as well as the duty of their custodians. This means that there are issues of compliance, risk management and fiduciary duty applicable to these firms and to the financial institutions involved in their affairs. McGill and Sheppey illustrate the broader context requiring investors and custodians to meet the regulatory needs of specific jurisdiction and how best to structure overall business models to meet multi-layer legal and operational framework.

Since its inception, several lawsuits have been filed under the Sarbanes Oxley Act, some corporate executives are serving, or are about to serve jail sentences, and several hundred million dollars has been wiped off the share price of affected companies. In this book, McGill & Sheppey examine how compliance is achieved and maintained. It explores the startegies and tool sets that have led compnaies to successfully manage compliance and suggests effective measures for implemantation.

The global custody product was conceived out of changes to United States pension law. In 1974, the Employee Retirement Income Security Act came to the Statute books, forcing US pension plan sponsors to segregate investment management and custody of the underlying assets.
Today, service providers act for clients in many countries worldwide, handling assets across 100 countries of investment. The range of services is ever more sophisticated. Measured by the value of assets held under custody, it is a multi trillion dollar industry.

Environmental degradation. Poverty and malnutrition. Disease and illiteracy. As the world's human population skyrockets and resources grow scarce, the multinational corporation with its ability to mobilize massive human and capital resources across geopolitical boundaries may be mankind's best defense against an onslaught of social ills. Many companies have already joined the fray, launching ambitious global corporate citizenship programs designed to improve the quality of life in the communities and nations in which they operate. Their activities, the focus of this groundbreaking work, are precursors to a new age of enlightened capitalism, and their bold break with tradition is putting them now, more than ever, in the public eye."

The global custody product was conceived out of changes to United States pension law. Today, service providers act for clients in many countries worldwide, handling assets across 100 countries of investment. The range of services is ever more sophisticated. Measured by the value of assets held under custody, it is a multi trillion dollar industry.

Over $5 trillion will be spent on technology in the financial services sector in the next three years. While there are many books covering purely technical issues, this is one of the very few that look at the challenge of how to manage financial services technology in an area that under-pins almost every part of our global civilisation.

The New Global Regulatory Landscape provides a benchmark tool for financial intermediaries and Institutional Investors. Covering 24 international regulations across the UK, Europe, Asia/Pacific and the USA, the authors provide practical compliance tips for financial intermediaries and guidance on best practice for investors. The book highlights eight areas of critical overlap where regulatory requirements conflict and give rise to potential risk and liability. The authors use the historical perspective of some regulations to paint a picture of the future convergence of international regulation on data protection, corporate governance and tax.