CLS Bank International (CLS Bank) is to settle payment instructions in four new currencies, bringing the number of currencies eligible for settlements to eleven. Following regulatory approval, the Danish Krone, Norwegian Krone, Singapore Dollar and Swedish Krona have been designated as CLS Bank eligible currencies by the CLS Bank Board of Directors. A total of 54 institutions are now settling payment instructions associated with foreign exchange trades through CLS Bank as Settlement Members, with approximately 70 additional institutions also settling transactions in CLS Bank as Settlement Member customers.
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.