Basel III proposals requiring banks to report intra-day liquidity will severely stifle correspondent relationships, but the infrastructure could be valuable to companies.
A group of European blue chip companies are leading the effort to organise multinational corporates to get greater transparency on global banking charges.
Royal Bank of Scotland wins cash mandate with IATA; Standard Chartered and Agricultural Bank of China start clearing in UK time; and China Citic Bank all set for e-Docs.