Euroclear, with the support of leading fund promoters and transfer agents, is introducing an investment fund ‘quality label’ programme to accelerate automation and STP in fund-transaction processing. According to Euroclear, to encourage more fund distributors to fully automate their back-office operations, it will cost up to 25% less to process fund transactions with the FundSettle Premier label. Fund distributors will also profit from: fast-track settlement due to greater automation and later input deadlines; earlier notification and receipt of corporate-action proceeds, such as dividends; and reduced operating risks.
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.