The Council agreed on the appointment of Wim Duisenberg, of the Netherlands’ central bank, as the first president of the European Central Bank (ECB). He stated his intention to step down before the end of his eight-year term of office; EU leaders came to an understanding that he would be succeeded by Jean-Claude Trichet of France’s central bank. The Council also agreed along on the nomination of Christian Noyer as ECB Vice-President, along with four other members of the ECB executive board. Following consultations with the European Parliament and the European Monetary Institute, these appointments are due to be confirmed by the heads of state or government of the countries participating in the third stage of EMU.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.