competition
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German banks urge politicians to introduce reforms
Germany's commercial banks have called on the government to introduce extensive reforms to get the economy moving again. And they are pressing for a postponement to the introduction of Basel III.
Moving settlement to T+1 will mean higher costs
The shortening of the settlement cycle for securities transactions in the US poses enormous challenges for Europe's asset managers. S&P Global and the CME Group now want to capitalise on this opportunity with their joint venture Osttra.