Italian banks have confirmed their intention to progressively migrate domestic payments traffic to the STEP 2 system, according to the EBA Clearing Company. A specific working group within ABI, the Italian Banking Association, has been created in the aim to explore the possible way(s) for the migration and to facilitate discussion with the whole Italian banking community. Eight hundred banks have joined the EBA Clearing Company’s pan-European automated clearing house (ACH) STEP2 as indirect participants. In addition, STEP2 also has 31 direct participants on board and another 18 banks due to join the platform in November.
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.