AIB International Financial Services (AIBIFS) has launched Financial Instrument Management Services (FIMS), a web-based portal providing best practice IAS 39 and risk management solutions. AIBIFS has teamed up with AIB Global Treasury Services to market the FIMS service to AIB Group’s Corporate and Institutional client base. According to Neil Fleming, Finance Director of AIBIFS, ‘Increasingly, companies are struggling to come to terms with the stringent documentation and testing requirements laid down in IAS 39 in order to qualify for hedge accounting. FIMS provides companies with a user-friendly mechanism to document and test their hedges in accordance with the new accounting regulations.’
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.