Sydbank A/S has become Denmark’s first non-CLS shareholder to settle via CLS Bank, using JPMorgan as its third party services provider. Brian Wedge, CLS Product Manager at JPMorgan, commented: ‘This project demonstrates that Sydbank A/S is proactively working to manage risk. With the Danish Krone set to join the list of eligible CLS currencies later in the year, Sydbank is already successfully settling trades via CLS.’
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.