The Board of Directors of CLS Bank has endorsed, in principle, the inclusion of the Korean Won as a CLS Bank eligible currency once all the requirements in CLS Bank’s rules have been satisfied and the necessary regulatory approvals have been obtained. The new currency will join the Australian Dollar, Canadian Dollar, Euro, Japanese Yen, Pound Sterling, Swiss Franc and United States Dollar as CLS Bank eligible currencies. CLS Bank is concluding final preparations and awaiting regulatory approval for adding the Danish Kroner, Norwegian Krone and Swedish Krona and the Singapore Dollar as CLS Bank eligible currencies later in 2003. The Hong Kong and New Zealand Dollars, which were previously endorsed in principle by the CLS Bank Board, are expected to follow in 2004. As with all prospective eligible currencies, the Korean Won will become eligible once the full CLS Bank and regulatory approval processes have been satisfied and the technical implementation is completed. The objective is for the currency to become eligible during 2004.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more