The three major Singapore Banks, Development Bank of Singapore (DBS Bank), Oversea-Chinese Banking Corporation Limited (OCBC Bank) and United Overseas Bank (UOB), have announced they have become shareholders of the CLS Group this month, bringing the total number of shareholders in the CLS Group to 70. The three Singapore banks will in due course apply to become Settlement Members of CLS Bank International. In addition, the Monetary Authority of Singapore (MAS) has announced that it has received in-principle agreement from CLS Group and CLS Bank to include the Singapore Dollar as an eligible currency of CLS Bank.
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.