Thomson Reuters has been selected by VP Bank Group to implement its risk management systems to support the bank’s global operations. The bank is implementing a new core banking platform at its headquarters in Liechtenstein to link up its subsidiaries around the world and support its international growth. Thomson Reuters will provide a key element of the new system with its implementation of Kondor+, its front-end position keeping system, and Kondor Global Risk Management, which consolidates credit limit information and manages the data in real-time across all instrument types. In addition, Thomson Reuters will provide the system integration, linking Kondor+ to the new core banking platform.
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.