This represents one of the first contracts of this size to be won by an international bank involving euro banking services. Chase’s centralised euro hub, in Frankfurt, will give J.P. Morgan direct access to the real-time and net settlement systems in Germany and France, as well as CHAPS euro in the UK and the Euro Banking Association’s (EBA) euro clearing system. Other clearing systems in the euro zone will be accessed via TARGET. This arrangement offers in-depth contingency and provides flexible intraday liquidity management capabilities.
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.