In an interview with the payments journal SPEED, Gerard Hartsink revealed why Europe’s banks can no longer commit to a key SEPA deadline. Hartsink explained that banks will be unable to meet the 1 january 2008 SEPA deadline for direct debit as European lawmakers have failed to pass the PSD legislation required for SEPA. If the PSD is passed before April 2007, Hartsink believes the earliest SEPA direct debits can be offered by banks is Q4 2008. In the interview, Hartsink critised the public sector in Europe for not taking the lead in becoming SEPA compliant. He added, that the public sector lack the current resources required to do so before the 1 january 2008 deadline.
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.