As part of an ongoing programme of measures to improve interoperability with local markets, Euroclear Bank has announced an enhancement to its securities lending and borrowing infrastructure. A new pricing structure is set to be introduced that will reduce clients’ intra-day borrowing costs by as much as 30 per cent, according to Euroclear. Effective from 11 April 2005, two new real-time process windows – one in the early morning and one in late afternoon – will be added to the existing lending and borrowing programme. These additions will further facilitate transaction flows between Euroclear Bank clients and non-Euroclear Bank clients and help to mitigate so-called ‘gridlock risk’, i.e. the risk of trades failing due to reduced settlement liquidity as a result of the lack of synchronised settlement timings between different settlement systems.
Deutsche Bank plans to partner with fintechs that have complementary business models, rather than buying out tech start-ups and competing in the market, bank executives said at press briefing this week. They also discussed future strategies for the technology, securities and payments spaces.
Google sending money as sound, predictions around the Bank of Japan’s (BoJ) monetary policy meeting and the FCA's approach to PSD2 all hit the latest headlines in the world of treasury this week.
'Screen scraping' under PSD2 being publically criticised, the EC's plans to boost cybersecurity investment, the EU's third consecutive annual drop in M&A and EuroFinance's new managing director all hit the latest headlines in the world of treasury this week.
Leaked documents from the UK Home Office proposing that low-skilled EU migrants would be restricted in the UK’s post-Brexit immigration scheme may be more likely to increase automation and off-shoring of labour, rather than increase British wages, industry experts have warned.