Inter-American Development Bank’s (IADB) Global Capital Markets Group has implemented Summit Systems front-to-back office integration system. Summit’s software offers trading, pricing, reporting and back-office transaction processing and includes accounting and settlement processing. According to Summit, the new system will enable IADB to consolidate their system environment and realize efficiencies by retiring outdated legacy products. The new system currently supports fixed income, including MBS/ABS instruments, OTC derivatives (including asset swaps), and money markets.
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.