The final ruling on interchange fees charged by card operator MasterCard has been delayed. According to a Reuters report, the final decision, which was expected for some months now, has been delayed due to an “internal spat” at the European Commission. The ruling may not be made until the end of the year, or perhaps even 2008. There are concerns that the on-going uncertainty may prevent the launch of SEPA in January. The EU internal market commissioner, Charlie McCreevy, is reported to be against the delay in the ruling and has expressed concerns that it could delay the expected SEPA launch in January 2008.
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.