The Clearing Corporation of India Limited (CCIL), has signed a mandate for US dollar settlements and clearing services with The Royal Bank of Scotland Group (RBS). This extends a previous mandate with ABN AMRO’s international transaction banking business, now owned by RBS. CCIL was set up by the Reserve Bank of India to guarantee the settlement of debt and FX transactions by being the central counterparty to trades between parties, but also providing multilateral netting services to its members. CCIL is the central clearing agency for USD/INR interbank payments for the Indian banking industry.
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.