Corporate actions are the finance
world’s version of a chess match.
Both activities involve an almost infinite number of intricate moves, forcing
players to think strategically about the
outcome. And just when you think
you’ve mastered your position, a new
wrinkle enters into play and the threat of
loss is real.
To win at chess or at corporate actions
processing, attention to detail with a view
toward the big picture is essential. So are
planning and foresight. The dilemma for
corporate actions managers is that as volume and complexity intensify, the number of positions that need to be analysed
increases exponentially – as does the
potential for error. No matter how many
people or how much money firms throw
at the problem, it doesn’t get much easier, or safer.
Download the Congressional Testimony: Breaking the Corporate Actions Stalemates