Euroclear Bank selected The Bank of New York Mellon’s treasury services to provide multi-currency payment and foreign-exchange services for five currencies in the Middle East and Africa. Since 25 February 2008, United Arab Emirates Dirham, Saudi Arabian Riyal, Qatari Riyal, Bahraini Dinar and the Egyptian Pound have been eligible as settlement currencies in Euroclear Bank. The Bank of New York Mellon is the global cash network provider for all of the new currencies.
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.