Following a Bank of International Settlements meeting in March, members have focused on a review of potential vulnerabilities in the international financial system, and progress that has been made in addressing weaknesses in market foundations. Members reviewed the global macroeconomic situation and developments affecting financial markets, observing that it is premature to evaluate the ramifications of the war in Iraq on the macroeconomic outlook and the outlook for financial markets. Furthermore, the group considered various underlying sources of economic and financial strength and weakness. An important element has been developments in corporate and household sector balance sheets and the sensitivity of those balance sheets to changes in interest rates and exchange rates. Members reviewed a number of financial factors that could be important to the economic outlook, including volatility in equity markets, various strains affecting some parts of the banking and insurance sectors, and credit risk transfer activity. In addition, the consortium examined the ongoing adjustment in emerging market economies and their improving access to international capital markets.
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.