Asia faces obstacles in implementing regional clearing regime

Clearing the obstacles

Hurdles

A lot is resting on the shoulders of Asia’s clearing houses and their regulators. When the Committee on Payment and Settlement Systems (CPSS) and International Organization of Securities Commissions (Iosco) at the Bank for International Settlements released their 24 principles for financial market infrastructures in April, they expected members to comply by the end of 2012. At stake for a clearing house is recognition as a qualified central counterparty (CCP) for clearing, which means its client

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