The new release sees the introduction of over 325 new application features including enhanced risk management functionality, as well as support for a range of new instrument types, and a number of technology enhancements. New instruments supported include credit derivatives, debt issuance and mortgage and asset backed bonds. In addition, a Commercial FX module has been introduced, dealing specifically with the high margin, corporate area of foreign exchange. The System has also been upgraded to support Continuous Linked Settlement (CLS), in preparation for the changes in multi-lateral netting at the end of this year. Furthermore, a number of new applications have been introduced allowing firms to manage their risk more effectively, including Banknotes Risk Consolidation and Multi-Level Liquidity Risk Drill Down. New technology enhancements include an updated user interface with increased security, greater flexibility for information display, improved reporting functionality, and the ability for authorised users to gain full access to the system via a web browser.
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.