I'm trying to understand the concept of COB banking. Could someone please explain what it stands for and how it works in the banking industry?
7 answers
ShintoMystery
Sat Nov 16 2024
The close-of-business (COB) process in a bank often demands considerable time and effort.
DongdaemunTrendsetterStyle
Sat Nov 16 2024
This process can be prone to errors, which may arise due to various operational issues.
Elena
Sat Nov 16 2024
The occurrence of a single operational issue can lead to significant delays in the COB process.
Margherita
Sat Nov 16 2024
Such delays can compromise the timely start-of-day activities in the bank.
Riccardo
Fri Nov 15 2024
This, in turn, can exert additional time pressure on transactions.