common-standards-the-way-to-harmonisation

Common standards the way to harmonisation

Asian CSDs say the way to regional harmonisation is via common standards not Asiaclear.

By Cherie Marriott

October 09, 2006

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 following their own advances in infrastructure, by dematerialising the physical exchange of securities and introducing matching services, links between exchanges in the region to cater for cross-border activity were lacking.

The Sibos session was moderated...

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