According to Greenwich Associates’ latest global study, 44% of the world’s largest institutional treasurers were using some type of treasury management system by year-end 2001, including simple bank systems, more complex treasury management systems, and highly-sophisticated enterprise resource planning systems, up from 36% in year-end 2000. The uptake has become even more pronounced among the largest institutions. Over half of the institutions that trade $1 billion or more in foreign exchange products are using TMSs. 48% of corporate institutions (up from 36%) and 35% of financial institutions (from 33%) use TMS, with banks (53%) and treasury centers (93%) showing the highest levels of uptake. A smattering of governmental agencies also reported strong TMS adoption, with 54% of them so active. Greenwich added that although some names reappear in the top ten lists of system providers in various markets, few systems are globally dominant.
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.