Operational risk is inherently high in custody services because of the high volume of transactions processed daily, and those risks are magnified in a global custody operation running around the clock across different markets.
Source quote, verbatim
Operational risk is inherently high in custody services because of the high volume of transactions processed daily.
Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021). SSRN: https://ssrn.com/abstract=3936876
Holds when
custody services generally, and global custody in particular
Classification
mechanismsupport: arguedrisk-and-incentivesdefi
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