Euroclear plans business contingency revamp
Settlement system Euroclear plans to implement a new business
continuity programme built on a framework of three data centres to
store and process transactions. Euroclear maintains that the
arrangements will enable each of its entities to resume their technical
operations within one hour of a local disaster, such as a fire or a
bomb, or within three hours of a major regional disaster that disables
both primary data centres. It will also be able to work in its new
business contingency environment for up to two years.

Kasikornbank’s David Hendrix talks to The Banker about the bank’s restructure and progress in growing the retail business – improving efficiency and cutting costs while enhancing customer service.

Competition is heating up among Russia’s banks and foreign players for a slice of the growing retail banking and mortgage lending markets that are catering for the new middle class. Anthony Robinson reports from Moscow.