The merger of the Micex and RTS groups to form the Moscow Exchange has proven harmonious and, so far, successful, with plenty of big names attracted to the bourse. Indeed, as Moscow looks to prove its credentials as an international finance hub, the exchange appears to be setting the standards for the rest of the city's financial institutions to follow.
With the deadline for the Single Euro Payments Area looming, there is much speculation over who is actually ready to migrate, with many small and medium-sized enterprises lagging behind and businesses of all sizes struggling to implement systems for direct debits.
European securities will soon be settled on a central IT platform – Target2 Securities (T2S) – as part of the European Central Bank's initiative to harmonise post-trade standards. With the first wave of implementation scheduled for 2015, Duygu Tavan investigates how the T2S project is progressing and its consequences for the securities industry.
Technology provider SAP has built a single-channel, multi-service cloud network that already has the endorsement of numerous large banks. With Swift also exerting its presence in the market, the two business models are not so much mutually exclusive, but supplementary. Welcome to the era of co-operative competition.