Custody Risks 2023 Working Group


To explain in straightforward terms the key risks facing those that hold and service securities.


The new report will use the 2016 “Inherent Risk within the Global Custody Chain” as a basis and supplement with the observations from the WG about new or emerging risks within the value chain. Where recent papers on topics such as Cyber Risk and Digital Asset Custody have been published these will be summarised and referenced rather than rewritten for this report.

Key Deliverables

  • Creation and publishing of a new Inherent Risk within the Global Custody Chain  report
  • Creation of webinars to help explain the report

Key Outcomes

  • To inform and educate ISSA members, as well as those who have regulatory responsibility, about the new and emerging risks within the Global Custody value chain.

Reports/ Podcasts

Working Group Co-Chairs

Andy Smith, BNY Mellon
Jyi-chen Chueh, Standard Chartered

Executive Sponsor


Institutions represented by Experts in the Working Group

  • BNY Mellon
  • Standard Chartered