Citibank Automates Custodial Compliance, New York Office Begins Decalog Installation

The New York and London offices of Citicorp's $1.7 trillion global custodian division are in the first stages of automating the division's post-trade compliance. The installation of Decalog's Idee compliance module began with approximately 30 bank officers in January, and it should be completed by the end of the year. All told, some 50 to 60 trust officers and administrators in Citibank offices in New York, London, Dublin, Brussels, Singapore and Hong Kong are scheduled to use the software. A