CBA, a developer of Java-based software for bank international payment End-to-End Straight Through Processing, has devised an equation that demonstrates to banks the potential loss of revenue that their businesses will suffer as a result of forthcoming EU regulations. According to the Cross-Border Credit Transfers Directive 97/5/EC and later Regulations, as from July 2003 banks will have to cap international payment processing fees at the same level as domestic payments. In practice, this means that average revenues per international transaction will fall from 24 Euros down to 2 Euros or less. The CBA calculation enables banks to assess their likely revenue shortfalls, once the regulations come into effect.
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.