Euroclear has selected BT as one of its key providers of secure messaging services to facilitate two-way client communication through its new Common Communication Interface (CCI). With rollout commencing in 2008, the CCI will serve as the sole access point for Euroclear group clients to all Euroclear services. It is an integral part of Euroclear’s goal to reduce settlement costs by consolidating five processing platforms into one. BT will deploy managed gateways operating over BT’s Shared Market Infrastructure for open, standards-based, authenticated messaging capabilities with non-repudiation for all CCI communication channels (screen, message and file). In addition, BT will offer screen-based connectivity over the Internet. Euroclear recently completed the launch of its Single Settlement Engine, a milestone in delivering a ‘domestic market for Europe’ for domestic and cross-border securities transactions.
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.