Danske Bank of Denmark has licensed Algo Collateral to be the software platform of choice to manage their OTC derivative and repo-margining activities. The deal marks the first client for Algo Collateral in Scandinavia and reinforces the product’s standing as the most widely used solution for collateral management with 36 global clients. Danske Bank is already an Algorithmics client, having licensed the Algo Market risk management solution in June 2001. Algo Collateral will replace Danske’s existing in-house system. ‘Our current resources and collateral management processes were overstretched,’ said Mogens Dalhoff, First Vice President of Danske 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.