Bloomberg has opened the first overnight index swaps market in Indonesia, creating the only fixing and valuation platform for this new market. Overnight index swaps are an efficient tool for companies, banks and other financial institutions to hedge against short-term interest rate risk and fluctuations. Fifteen banks are participating in the Bloomberg Indonesian Overnight index swaps fixing, each contributing daily rates. Bloomberg said that the launch of the new market underlined its commitment to helping the Asia-Pacific capital markets grow. The first transaction on the platform took place on 7 December 2004 with Deutsche Bank Jakarta swapping obligations between the overnight fixing of Indonesian Rupiah with the counter-party HSBC Jakarta.
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.