London-based Cable & Wireless has selected IT2 Treasury Solutions’ treasury management system as a best practice solution to support their central treasury operations for Europe, Asia and the US (EAU). Cable & Wireless operates through two standalone business units – international and EAU. The EAU business unit provides enterprise and carrier solutions to the largest users of telecommunications services across the UK, the US, continental Europe and Asia. The IT2 implementation will support cash and treasury management, treasury accounting and reporting. The system will interface with the Citidirect electronic banking service. It will support hedging operations using derivative instruments in an STP workflow designed to eliminate the need for re-keying and manipulation of data in spreadsheets.
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.