HSBC has been chosen by FleetBoston (Fleet) as settlement bank for its FX continuous linked settlement (CLS) trades. HSBC is settlement member for Fleet for the processing of over 100,000 eligible FX transactions annually, and processed its first transactions for the US bank on 25 June 2003. Fleet’s CLS steering committee included representatives from the bank’s FX operations, audit, risk management and legal departments. During the selection process each candidate’s response was weighted on a scorecard that evaluated current and future service, systems architecture and functionality, pricing and liquidity, implementation support and continuity capabilities. HSBC was rated top among the four banks short-listed from the initial list of candidates.
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.