The Netherlands’ Indover Bank is to start processing FX transactions through CLS, following the decision to appoint ABN AMRO as its third party CLS provider. As a result, Indover Bank will become one of the first banks in the Netherlands to become a third party CLS participant. ABN AMRO was a first wave Settlement Member of CLS Bank when the settlement system for FX transactions was launched in September last year.
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.