SWIFT has presented a draft of communication protocol for Clearing and Settlement in response to the Giovannini Report. As a follow up to the Giovannini Barrier 1 Consultation Paper published in January 2005, SWIFT has released the draft of the common communication protocol for Clearing & Settlement in the European Union. This draft is the direct result of work completed by the Barrier 1 Independent Advisory Group (IAG) from July to September of this year. “SWIFT appreciates the contribution of the individuals who served on the IAG” says James P. Donovan, head of Securities Industry Division, SWIFT. “They have played a key role in devising this protocol which, we believe, will eliminate Giovannini Barrier 1”.
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.