As long-awaited regulatory changes begin to come into effect, their impact on banks and corporates is becoming clearer, says Greg Kavanaugh.

This week, the European Payments Council (EPC) published the Clarification Paper on the Use of Electronic Mandate Solutions in order to make clear how to use an electronic direct debit mandate to authorise payments.

Many IT professionals could struggle to find work within the financial industry as robots are becoming the new bookkeepers and accountants at large companies and as a result, technology is taking over corporate finance departments.

Bank of America have hired technology, media and communications specialist Chris Cormier as a managing director for the Americas Equity Capital Markets team this week.