The Executive Meeting of East Asia and Pacific Central Banks (EMEAP) announced that its second stage Asian Bond Fund will be administered by the Bank for International Settlements (BIS). The EMEAP consists of 11 central banks and monetary authorities in the East Asia and Pacific region. The second stage Asian Bond Fund (ABF2) will invest in domestic currency bonds issued by sovereign and quasi-sovereign issuers in eight of the EMEAP markets. The EMEAP group’s investments in ABF2 will total around $2bn. BIS said that ABF2 was a significant initiative that aimed to bring real benefits to domestic capital markets in Asia by promoting fixed income investment and providing an impetus for improving market infrastructure.
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.