A senior Singapore regulator has warned that Asia’s doubtless transfer to T+1 settlement should be fastidiously managed to keep away from introducing new dangers into the area’s monetary infrastructure.
Ian Chung, govt director of the markets, infrastructures and intermediaries division on the Financial Authority of Singapore, stated he noticed a transfer to T+1 settlement as inevitable for the Asia-Pacific area. Nevertheless, Chung burdened that, for Asia, any such transition can be uniquely complicated and fraught with
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