Technology and regulation are driving change. BNP Paribas Securities Services explores how they are transforming clearing and settlement in Asia-Pacific.
While these enhancements present an opportunity, participants need to be aware of the potential for increased complexity and costs as the region adapts to new operating models.
Asia-Pacific financial markets are known for being dynamic. But even within that context, a confluence of factors is transforming the way exchanges operate and how market participants connect to them.
BNP Paribas Securities Services has identified six areas these changes fall into: technological enhancement, settlement cycle reduction, market competition, product enhancement, international regulation and local regulation.