The Commercial Bank of Kuwait (CBK) has licensed Financial Software Systems’ Spectrum Treasury System for use in its headquarters office in Kuwait. CBK will utilize Spectrum to manage all of its trading activity in foreign exchange and interest rate instruments. Spectrum will provide complete processing of all treasury transactions, ranging from deal-capture in the front-office to confirmations, payments and general ledger accounting in the back-office, according to Spectrum. CBK has also licensed Spectrum’s limits management module for credit risk management in the middle-office, and Spectrum’s FX margin trading module to support the collateralized trading of foreign exchange. Spectrum will replace a variety of vendor-provided and internal systems.
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.