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.

Date: May 12, 2011
Author: Esmond Lee
Categories: Asian Banker Summit 2011, Asset Management, Trustees and Custodians, Markets & Exchanges
Keywords: CSD, Securities

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...