Published May 12, 2011
Asian CSDs can overcome disadvantages with a common platform model
Esmond Lee, executive director (financial infrastructure), HKMA, shares his views about the underlying problems with Central Securities Depositories and how a common platform model can help overcome them.
Asian central securities depositories (CSDs) share many similar disadvantages. They suffer from less-than-efficient cross-border activities and asset servicing, fragmented markets, multiple access points and varied market practices. To combat this, a task force formed by a group of central banks...