Moderated Panel at FX Week, Fullerton Hotel Singapore

By October 14, 2014Industry Updates

Had an excellent discussion with David Ngai, MD of Global Financial Markets association, HK, Siddharth Roy, CRO of CCIL, India and Rick Lakhiani, Head of Regulatory Reform APAC at Citi.
We discussed whether it was feasible for Asia to have multiple CCPs across all jurisdictions and debated on the pros and cons of a single Pan Asian CCP.  Mr. Roy also made an interesting point that CCP build need not be as expensive and cited CCIL’s example which gradually enhanced its services over the years.  Another important point was made by all the panelists on how Asian CCPs perhaps should be given a window to operate freely for a few years and not be pressured into DCO and EMIR recognition.  Overall a fascinating panel.

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