JPMorgan Treasury Services has implemented the global derivatives business of US-based Prudential Financial as a CLS third-party participant. Prudential completed settlement with the Chicago Mercantile Exchange (CME) and the New York Clearing Corporation (NYCC) via CLS on 16 June and plans to enable another Prudential entity to settle through CLS soon. The implementation was completed in a record-breaking of four weeks.
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.