French bank Credit Lyonnais has introduced City Networks’ CityNet Treasury Confirmation Matching CLS module, in a bid to reduce costs and heighten operational efficiency. As a CLS Settlement Member, Credit Lyonnais operates in a time critical environment to comply with CLS bank requirements and City Networks’ solution enables the bank to meet these requirements, owing to its four-way matching ability between bank, broker, counterparty and CLS. The solution also automates the exception handling process, increasing the efficiency of the back-office, according to City Networks.
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.