Cheshire, Dunfermline and West Bromwich Building Societies select BancWare Convergence as their asset/liability management solution. These Building Societies were looking for a sophisticated asset/liability management solution that would accurately model complex instruments and prepayment risk. BancWare’s Convergence models an institution’s financial performance as a function of its balance sheet, enabling the institution to define the properties of each balance sheet account and plan for its growth. Convergence produces consistent forecasts of the balance sheet, income statement and statement of cash flows which are based on defined properties, specified plans and interest rate scenarios. With Convergence’s multi-currency ability (Euro compliant), the institution may model multiple currency positions in an ALM model.
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.