Excesses in the securitisation industry, coupled with a failure of valuation practices and risk management, were among the leading causes of the global financial crisis, according to the majority (54%) of respondents at the Financial Times (FT) Electric Money Conference: Liquidity in Crisis. In an informal poll conducted by Sybase and the FT, found that 50% of the senior financial executives polled thought that the crisis, while far-reaching in scope, can be fixed through the kinds of government intervention and bailout programs that are being implemented. Some 38% believe that the financial industry, while structurally sound, will also require adjustments to regulatory and accounting practices to return to an even keel. Just over half (53%) of the survey’s respondents see a long-term challenge in trying to formulate regulations that can keep up with the dynamic, innovative nature of the financial industry – and Wall Street in particular. Sinan Baskan, financial markets director at Sybase, said: “Public policy will be key to a recovery. Successful public policy could lead to larger trading centres and greater stability internationally. If these policies are not well implemented, market disruption and dislocation will most likely be prolonged.”
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.