Changes in accounting standards and Basel II compliance will see banks’ new investments in IT focused on risk management, accounting and reporting, according to a survey conducted by IDC. ‘The combined analysis of priorities and current/expected investments highlight a common European interest in risk management and core banking solutions,’ said Raffaella Molignani, research analyst for IDC’s European IT Opportunity Financial Services program. Anti money-laundering is particularly important for UK banks, driven by the strong commitment of the Financial Services Authority to improve the control of money laundering by fining banks that do not respect existing regulations, according to the report.
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.