Wall Street Systems has revealed that Northern Rock, the eighth largest UK bank by market capitalization, will be implementing The Wall Street System treasury and capital markets solution at its head office in North East England. Northern Rock will install a range of front, middle and back office modules from Wall Street Systems. the bank will use the systems to process transactions required for short- and long-term funding, including securitization issues and covered bonds, securities investments and derivatives. “Increasing regulation and the escalating range of instruments we use has driven this initiative to review our technological needs,” said Steve Johnson, deputy treasurer of Northern Rock.
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.