Inconsistency on FX among Asia CCPs worries banks
At least seven central counterparties (CCPs) across Asia are developing clearing services that could cover foreign exchange, in line with evolving regulations for over-the-counter derivatives, but with each CCP eyeing different products and moving at different speeds, some are concerned about the fragmented landscape that is emerging.
Among seven key regions – Singapore, Hong Kong, India, China, Korea, Japan and Australia – it is China and India that some believe to be out of step with the
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