The four new CLS currencies that went live on Monday September 8th were smoothly integrated into the CLS settlement cycle, according to JPMorgan Treasury Services. CLS Bank began accepting trades in the Danish, Norwegian and Swedish currencies and the first settlements of those trades were completed successfully on the following day. Two days later, CLS also began to accept trades in Singapore Dollars bringing the total number of currencies supported to 11. CLS plans to add further currencies in 2004 subject to shareholder and regulatory approval; currently the currencies of Hong Kong, Korea and New Zealand have received approval in principle from the CLS board.
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.