Following the installation of Reuters’ Kondor+ risk and trade management system, Korea First Bank (KFB) has become the first bank in Korea to use a fixed income risk management module that can handle Korean bonds. Kondor+ is a real-time position keeping system that offers a flexible means of capturing deals and managing risk. According to Robert Cohen, Chief Executive Officer of KFB, the system arrived not a moment too soon: ‘The need for a quality risk management system in today’s banking environment cannot be underestimated. As we move to increasingly complicated financial products and attempt to secure greater trading volumes, the need to manage risk is essential.’
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.