European Central Counterparty (EuroCCP) has received approval as a UK Recognised Clearing House (RCH) by the Financial Services Authority (FSA). EuroCCP was selected to clear and settle for Turquoise, a new pan-European multilateral trading facility (MTF) created by a consortium of nine major global investment banks that will trade the most liquid equities in Europe. EuroCCP will use Citi’s Global Transaction Services as its settlement agent. The company has also reaffirmed its commitment to sign the voluntary European Code of Conduct for clearing and settlement, allowing for interoperability of its services with other clearing and settlement houses and European trading platforms. The FSA approval of EuroCCP followed an in-depth review of all aspects of its business arrangements as a critical market infrastructure.
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.