With much of Europe and other global jurisdictions entering a second stint of lockdowns, we can be reasonably confident that markets will cope well this time around. The second lockdown coincides with the traditional end of the budgeting season. It may well lead many firms to make late re-prioritisation decisions as they contemplate making working from home and remote trading a more likely, and even desirable, event going forward. The drive to cut costs and work more efficiently may dovetail with the ramifications of the “new normal”. Attention is likely to focus on areas that have caused some concern during the first lockdown.
Eurobase International is pleased to announce that N26 GmbH, one of the world’s fastest growing banks, has selected the Siena platform to support its treasury management operations. N26 is a new digital bank with its HQ in Berlin, offering its services throughout most of the Eurozone, UK, Switzerland and the US. The Bank has grown rapidly in recent years to include more than 3.5 million customers across 25 European markets and the US, which was launched in July this year.
Luminor continues to unify its operations and systems across the Baltics and has selected the Siena solution, provided by Eurobase, for consolidation of its markets and treasury operations. The planned changes will help Luminor to push ahead in development of a unified and modern digital customer offering.
The eternally tricky subject of last look is being reviewed by the Committee for Professionalism (CFP) at ACI– The Financial Markets Association with a view to a potential re-write of guidelines published in ACI’s Model Code.