Treasury management systems (TMS) usage by corporate and financial institutions around the world appeared to plateau at the end of 2002, according to research conducted by Greenwich Associates. Forty three per cent of treasury officers at 1,369 large institutions interviewed by Greenwich Associates at the end of 2002 report using a TMS, down from 46 per cent of the same group at the end of 2001. These percentages match up to those for the total number of institutions interviewed, more than 2,200 in 2002. The proportion of TMS users dipped from 44 per cent to 42 per cent in the overall 2002 sample, having risen from 36 per cent in 2000. In a separate survey, Greenwich Associates found that the Australian investment banking market is undergoing a significant decline in fee revenue in 2003. Total fees reported paid by large Australian corporations so far in 2003 are A$770 million, according to Greenwich Associates research, down from A$1.18 billion in 2002. The decline in the average fee paid by each of these companies was also profound, from A$6.8 million to A$5.2 million.
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.