Global assets under management have just exceeded $90 trillion and growth in cross border investment is increasing by 16% a year. Driving costs down and efficiencies up in a 24/7/365 global trading environment is a key commercial pressure, coupled with compliance with the increasing scale, scope and overlap of regulatory pressure driven by corporate governance concerns. Investors and practitioners, whether in strategy, operations or investment management, must be armed with the latest knowledge to foresee the future. In the framework of market growth and pressures, this book details the key technological, operational and regulatory issues of the day facing custodians, regulators, depositories and investors alike. What can they and should they expect of custody and clearing services in the twenty-first century?