A total of 18 financial institutions have selected JPMorgan Treasury Services to provide third party CLS (Continuous Linked Settlement) services. JP Morgan anticipates that its third party services client list will expand ‘significantly’ in 2003. Third-party CLS services allow institutions that are not members of CLS to settle their trades in CLS without the complex and time-critical aspects settlement members have to perform. Steve Wilder of JPMorgan said: ‘Our strategy has been to insulate our customers from the complexities that CLS introduces through end-to-end project management and exceptional implementations.’
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.