The European Banking Federation (EBF) welcomes the adoption by the Council of Ministers of Economic and Financial Affairs of the Directive on Payment Services. “This decision puts an end to the lengthy debates which have been held over the last 2 years, declared Guido Ravoet, Secretary General. We are delighted that a solution has finally been adopted and commend the German Presidency for its efforts in finding a suitable compromise, particularly as a result of a renewed, complete and professional consultation process.” European banks indeed feel that the text adopted today strikes a good balance between the various points of view and will in particular allow for a proper implementation which will make payments technically workable. They regret however that the long delay in the decision will mean that the direct debit part of SEPA (Single Euro Payments Area) cannot be implemented before the end of 2009, whilst the banks were aiming at introducing SEPA direct debits by 1st January 2008. But although this particular deadline will not be met, the rest of the SEPA project is moving ahead and will soon dramatically change the landscape in which payment cards and intra- EU payments currently operate and offer greater benefits to consumers in a single currency area.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.