Impact on non US banks
Through cooperation between custodian banks and LFA we can consider that a tangible impact for the bank could:
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Be compliant / lowering legal risk
- FACTA
- Investment Advisors Act
- QI
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Positive impact on bank’s financial bottom line
- Retention on base client revenue
- Increase RoA due to new pricing policy
- Cost savings
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Positive impact on HR
- Media
- Social
- Cost
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Develop and profit about new growth opportunities
- Extend market reference
- Become competence center
- Develop new know-how