CLS FastTrack, ABN AMRO’s new service to help ease the transition to full CLS Third Party participant status, has been launched by the bank. CLS FastTrack works via ABN AMRO’s CLS system, which provides access to real-time trade information via a web interface. The service offers real-time trade management and position overviews, pay-in and pay-out status checking, a range of status and alert messages and reporting capabilities. ABN AMRO hopes the new service will reduce standard CLS implementation from several months to a matter of six weeks, with no systems development work or associated costs. In addition, ABN AMRO has been awarded a CLS third party services mandate by Banca Akros of Italy.
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.