Is Asia-Pacific moving towards a harmonised financial market infrastructure
It’s certainly a hot topic in our dialogue with public authorities. Historically, Asia-Pacific’s financial market infrastructures -- ie, the market infrastructures such as the exchanges and clearing systems that work together with the enabling legal and regulatory framework have been seen as largely domestic environments within a fragmented landscape, and generally speaking, this is still the case. Each market is characterised by different financial market infrastructures, market practices, regulatory policies and economic priorities. Across the region, we have mature and sophisticated markets existing side by side with dynamic, young, emerging markets.
However, we do see some positive signs...
