Industrial Bank of Korea (IBK) has gone live with Summit Systems’ derivatives module. IBK has implemented Summit FT for trading and risk management, covering interest rate derivatives, equity and FX options. IBK has also installed Summit’s MUST tool for structuring and processing exotic products. MUST has been combined with Summit’s BGM module for pricing to provide a solution that will enable the bank to take advantage of the growing exotics market in South Korea.
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.