The Royal Bank of Scotland (RBS) has launched a web-based tool to perform hedge effectiveness tests for a range of interest rate and currency derivatives. The IAS 39 Toolkit has been designed to help customers carry out hedge effectiveness assessments, the more technical and computationally intensive of the IAS39 hedge accounting requirements. The solution will be offered to RBS corporate customers across the bank’s global markets. Commenting on the announcement, John McCormick, Global Head of Sales & Marketing Financial Markets, said: “We recognise that IAS 39 will have a significant impact on our customers. This complex piece of regulation is forcing many of our customers to rethink and review their funding and hedging strategies.”
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.