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Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292622730
Category : Business & Economics
Languages : en
Pages : 118
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Book Description
This report from the Cross-Border Settlement Infrastructure Forum (CSIF) provides an update on progress toward the establishment of a regional settlement intermediary (RSI) to support investment and more integrated bond markets among ASEAN+3 economies. The proposed RSI is to be based on bilateral links between national central securities depositories and central banks' real-time gross settlement systems. This model can realize cross-border delivery versus payment settlement to enable safe and efficient cross-border financial transactions. The report also highlights emerging trends and challenges in cross-border financial transactions and sets out next steps in establishing an RSI.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292622730
Category : Business & Economics
Languages : en
Pages : 118
Get Book Here
Book Description
This report from the Cross-Border Settlement Infrastructure Forum (CSIF) provides an update on progress toward the establishment of a regional settlement intermediary (RSI) to support investment and more integrated bond markets among ASEAN+3 economies. The proposed RSI is to be based on bilateral links between national central securities depositories and central banks' real-time gross settlement systems. This model can realize cross-border delivery versus payment settlement to enable safe and efficient cross-border financial transactions. The report also highlights emerging trends and challenges in cross-border financial transactions and sets out next steps in establishing an RSI.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292549324
Category : Business & Economics
Languages : en
Pages : 67
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Book Description
This progress report developed by the Cross-Border Settlement Infrastructure Forum (CSIF), composed of the central banks and central securities depositories in the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China, Japan, and the Republic of Korea---collectively known as ASEAN+3, is an important step for the establishment of Central Securities Depository-Real-Time Gross Settlement (CSD-RTGS) Linkages as a regional settlement intermediary in the region. The report shows the desktop study results between the Bank of Japan and the Hong Kong Monetary Authority aiming to create a common model for the linkages. The report also sets out the implementation road map for establishment of CSD-RTGS Linkages. As secretariat of the CSIF, the Asian Development Bank supports this initiative.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292700111
Category : Business & Economics
Languages : en
Pages : 112
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Book Description
This publication examines the impact of digitalization on the financial stability of the members of the Association of Southeast Asian Nations and the People’s Republic of China, Japan, and the Republic of Korea (ASEAN+3). The region is a global leader in digital financial services, and economic and financial links among ASEAN+3 markets are growing. The publication discusses the opportunities and risks of digitalization, explores how to manage financial integration in the digital era, and identifies changes in regulations and supervision needed to reduce risk and successfully transform the traditional banking model.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264327959
Category :
Languages : en
Pages : 250
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Book Description
Economic Outlook for Southeast Asia, China and India 2022 addresses financing sustainable recovery from the COVID-19 pandemic. The COVID-19 pandemic is proving to be extremely costly, both economically and socially and sustainable financing solutions are crucial for an equitable and inclusive recovery.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292616137
Category : Business & Economics
Languages : en
Pages : 59
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Book Description
This publication was prepared for the Cross-Border Settlement Infrastructure Forum (CSIF) to support its efforts to establish central securities depository and real-time gross settlement linkages. It aims to build a common understanding among CSIF members about international standards and gateways for these linkages, including user requirements and technical specifications. The publication reflects the collaborative efforts currently underway to further harmonize and integrate bond markets among the ASEAN+3 economies.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 929257082X
Category : Business & Economics
Languages : en
Pages : 194
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Book Description
This report is an outcome of Phase 3 discussions under the ASEAN+3 Bond Market Forum Sub-Forum 2, which have focused on making bond market infrastructures in the region more inter-operable through the harmonization of transaction flows, standardization of messaging items, and implementation of international standards. Most markets in the region will have commenced these harmonization and standardization efforts by 2020, thus taking a significant step toward the integration of ASEAN+3 bond markets.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292697145
Category : Business & Economics
Languages : en
Pages : 114
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Book Description
Active use of local currency-denominated bonds for cross-border collateral transactions could help the development of regional bond markets by mitigating risks, reducing the credit costs of financial institutions, and expanding market liquidity. This report identifies the challenges faced by regional collateral markets and proposes seven policy recommendations for promoting the cross-border use of local currency bonds as collateral in the Association of Southeast Asian Nations plus the People’s Republic of China, Japan, and the Republic of Korea—known collectively as ASEAN+3.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292576844
Category : Business & Economics
Languages : en
Pages : 211
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Book Description
The Asian Economic Integration Report is an annual review of Asia's regional economic cooperation and integration. It covers the 48 regional members of the Asian Development Bank. This issue's theme chapter is "What Drives Foreign Direct Investment in Asia and the Pacific?"
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292697315
Category : Business & Economics
Languages : en
Pages : 156
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Book Description
This report explores how the central securities depository and real-time gross settlement (CSD-RTGS) linkage model could be applied to collective investment scheme (CIS) passporting frameworks in Asia to enhance the post-trade efficiency of the region’s bond markets. In Asia, there are a number of multilateral CIS passporting frameworks, but little attention has been given to how delivery versus payment settlements can be facilitated under such frameworks. The report finds that the CSD-RTGS linkage model has considerable potential to be applied in Asia as a settlement engine for the cross-border transactions of bonds (as well as for other financial instruments). It outlines how this can be achieved by interlinking the region’s CIS central platforms and delivery versus payment settlements infrastructure under the CSD-RTGS model.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292695746
Category : Business & Economics
Languages : en
Pages : 145
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Book Description
This report identifies and examines six key technologies that are transforming fundamental financial market infrastructure: (i) distributed ledger technology and blockchain, (ii) artificial intelligence, (iii) big data analytics, (iv) cloud computing, (v) enhanced cybersecurity technologies, and (vi) (open) application programming interface. It ascertains the most current status of technology adoption by Cross-Border Settlement Infrastructure Forum member organizations. They include central securities depositories and central banks in the Association of Southeast Asian Nations (ASEAN) plus the People’s Republic of China, Japan, and the Republic of Korea (collectively known as ASEAN+3) region. This report will serve as a springboard for the technological advancement of financial market infrastructure in the region.
