The development of an Asian bond market has been a focal point for regional financial cooperation since the Asian Financial Crisis of 1997. The Asian Bond Market Initiative ABMI has been endorsed by ASEAN 3 Finance Ministers but the lack of a regional securities settlement system represents a key challenge to the development of a regional bond market.
Junichi Shukuwa, lead consultant on a working group on regional securities settlement issues for the AMBI, will present an interim report on his recommendations at the end of October.
At Sibos 2004 he explained why he will be recommending the development of a regional settlement linkage, called Asia...
