10 currencies are now eligible for CLS Settlement through CLS Bank. The Swedish Krona, Danish Kroner and Norwegian Krone are being added to 7 other global currencies. Institutions using CLS Settlement remove the time risk when settling foreign exchange transactions. Banks will be able to settle in a new real time five hour window which does not exist in today’s markets, for the first time linking many of the globe’s real time gross settlement systems and ultimately reducing the costs of cross-border transactions.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.