Source: Finextra video - Philippe Robeyns, Société Generale
Philippe Robeyns, head of Société Generale Securities Services - Clearing Services, spoke to Finextra about recent changes in how sell-side and buy-side firms approach outsourcing. Particularly in the area of clearing services, he describes the impact of fragmentation and price wars among European clearing houses, and how post-Lehman Brothers court rulings in France and Germany are affecting contracts with prime brokerages and trustees.