Central Banking

HKMA unveils new phase of cross-border settlement platform

hong-kong

The Hong Kong Monetary Authority (HKMA), in collaboration with the Bank Negara Malaysia and Euroclear, will add a new collateral management service to its existing cross-border investment and settlement pilot platform on June 25.

The pilot platform, launched in March, is designed to improve the efficiency of cross-border debt securities settlement and strengthen the capacity for debt securities issuance in Asia. The new collateral management service is viewed as the next step towards achieving t

To continue reading...