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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