Common standards the way to harmonisation
Asian CSDs say the way to regional harmonisation is via common standards not Asiaclear.
National differences and commercial relevance are the greatest barriers to collaboration between central securities depositories CSDs in Asia, according to a panel of experts speaking at Sibos on Monday.
In a discussion about how settlement infrastructural is improving in the region, representatives from three large CSDs said progress was being made in reducing the reliance on proprietary networks for pre- and post-settlement of securities but that progress was slow.
They said that while individual depositories in Asia were...
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