Citi has launched its domestic settlement service for interbank foreign exchange trades. Developed for use by central banks in developing markets, the solution is designed to reduce settlement risk by simultaneously settling both sides of foreign exchange transactions. In Colombia, the Cámara de Compensación de Divisas, established in 2007 under the risk control initiative of Colombian Central Bank, Banco de la Republica, is now using Citi’s solution to provide a simultaneous settlement process for US dollar versus Colombian peso trades for same day settlement.
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.