Global Custodian recently hosted the Hedge Fund in the Institutional Era workshop, attended by hedge fund executives in New York City. Later that day, GC honored its top rated service providers at its annual Awards for Excellence dinner in Manhattan'; Awards Dinner; gc; hedge fund; workshop; Santander recently was interviewed by Global Custodian magazine, when the bank took part in its documentary on the European Securities Services industry.; Santander; Europe has been working for more than 20 years to create a single capital market, but it is still fragmented.; Europe; single capital market; In 2003, the Giovannini Group identified 15 barriers to a single European market. Many are still there today. ; European market; Giovannini Group; Infrastructural barriers are one of the greatest concerns for European players in the securities industry.; European players; Infrastructural barriers; securities industry; Have global custodians squeezed sub-custodian earnings to a dangerously low level? ; global custodians; sub-custodian earnings; Reciprocity, once thought dead, has reemerged in global custodian / sub-custodian relationships.; Reciprocity; global custodian; sub-custodian relationships; Network managers weigh in on what they look for in a sub-custodian.; Some global custodians rely heavily on sub-custodians, while others utilize regional offices. ; Global custodians discuss their strategies for selecting agent banks.; Integrating Central Europe into the greater European marketplace raises unique challenges.; Development of Europe's repo market shows how investment banks finance their positions in inventory. ; TARGET2-Securities was launched in 2006 to develop a single European IT platform.; European IT platform; TARGET2-Securities; The ideal clearing and settlement infrastructure is still unclear and perpetually shifting.; Integration and competition are not contradictory, says ICAP.; ICAP; Integration and competition; Agent banks think the global custodians are the ones driving the sub-custody relationship.; Agent banks; Alain Closier of Societe Generale: Banks will pursue growth strategies in line with their unique strengths.; Alain Closier of Societe Generale; Global Custodian Multimedia section player http://link.brightcove.com/services/link/bcpid1398218392http://www.brightcove.com/channel.jsp?channel=1126037126