|
Joint study to support learning and best practice in clearing and settlement
Frontclear and Clearstream have signed a grant agreement, thereby formalising their shared commitment to address clearing and settlement challenges in emerging and frontier markets (EMDCs) in Africa, Asia and Latin America. EMDCs are largely cut-off from global settlement platforms. Their lack of access is attributable to multiple factors including macro-economic volatility, insufficient regulatory frameworks, illiquid local currency securities and platform challenges, among others.
Nonetheless, EMDC interbank markets are changing and authorities are prioritising development of clearing and settlement market infrastructure as well as operational policies and rules at...
|