HBOS has licensed FRS’s FinancialAnalytics solution to streamline its UK regulatory reporting requirements covering the new Profit & Loss (PL) and Effective Rates (ER) reports. FRS FinancialAnalytics will automate the bank’s regulatory compliance reporting requirements and help to ensure the accuracy and integrity of the bank’s financial reports, said FRS. Separately, FRS and i-flex solutions have announced a global agreement to address the regulatory reporting requirements for banks. The agreement is aimed at banks to reduce the cost and complexities associated with compliance by providing a streamlined reporting solution for the delivery of required regulatory reporting data between financial institutions and central banks. Under the terms of the agreement, i-flex will promote FRS solutions to their customers around the world.
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.