Following on from the start of the Continuous Linked Settlement (CLS(tm)) service this month, CLS Bank International (CLS Bank) said that the New Zealand and Hong Kong Dollars will become CLS Bank eligible currencies once all the requirements in CLS Bank’s rules have been satisfied. This follows CLS Bank’s similar in-principle endorsement at the end of 2001 to add the Danish Kroner, Norwegian Krone, Swedish Krona and Singapore Dollar as CLS Bank eligible currencies. This announcement now brings the number of currencies endorsed in-principle by CLS Bank to six, with other currencies under consideration. Once these currencies have satisfied all the requirements they will join the Australian Dollar, Canadian Dollar, Euro, Japanese Yen, Pound Sterling, Swiss Franc and United States Dollar as CLS Bank eligible currencies.
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.