Local Currency Collateral for Cross-Border Financial Transactions Policy Recommendations from the Cross-Border Settlement Infrastructure Forum
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Local Currency Collateral for Cross-Border Financial Transactions Policy Recommendations from the Cross-Border Settlement Infrastructure Forum

SKU: 9789292697143

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Additional information

Full Title

Local Currency Collateral for Cross-Border Financial Transactions Policy Recommendations from the Cross-Border Settlement Infrastructure Forum
Author(s)

Asian Development Bank
Edition
ISBN

9789292697143, 9789292697136
Publisher

Asian Development Bank
Format

PDF and EPUB

Description

Active use of local currency-denominated bonds for cross-border collateral transactions could help the development of regional bond markets by mitigating risks, reducing the credit costs of financial institutions, and expanding market liquidity. This report identifies the challenges faced by regional collateral markets and proposes seven policy recommendations for promoting the cross-border use of local currency bonds as collateral in the Association of Southeast Asian Nations plus the People’s Republic of China, Japan, and the Republic of Korea—known collectively as ASEAN 3.

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