Basic Principles on Establishing a Regional Settlement Intermediary and Next Steps Forward
Author | : Asian Development Bank |
Publisher | : Asian Development Bank |
Total Pages | : 47 |
Release | : 2014-05-01 |
ISBN-10 | : 9789292545093 |
ISBN-13 | : 9292545094 |
Rating | : 4/5 (93 Downloads) |
Book excerpt: This report summarizes the results of discussions among ASEAN+3 central bank and central securities depository officers who voluntarily participated in the Cross-border Settlement Infrastructure Forum (CSIF). ASEAN+3 finance ministers and central bank governors endorsed the establishment of the CSIF under the Asian Bond Markets Initiative in May 2013 to facilitate discussions on the improvement of cross-border bond and cash settlement infrastructures in the region, including the possibility of establishing a regional settlement intermediary. This report shows the three regional settlement intermediary models analyzed by the CSIF members and suggests next steps moving forward.