Calls grow for Asian bond CSD

Growth in AsiaÆs bond markets may be outpacing the rest of the world, but the region is falling behind due to an array of fragmented clearing and settlement centres. This was the consensus view heard at the Asian Development BankÆs (ADB) first bond clearing and settlement conference, with the vast majority delegates and speakers believing agreeing that without a central clearing system, AsiaÆs markets risk alienating investors. ôWe need to explore various avenues for a regional cleari…