International Bank Account Numbers (IBANs) will be introduced across Europe by end of 2001. The IBAN is an internationally standardised bank account number with a fixed number of characters to identify the country and basic bank account number. The European Committee for Banking Standards (ECBS) has developed it so that cross-border payments can be processed faster and more efficiently. The IBAN will make automated processing of payments easier increasing the number of payments that are Straight Through Processing (STP) capable. It will also provide verification of the beneficiary account using a uniform check module.
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.