Regulators, investors and industry experts to join forces at the 2nd Annual Custody Clearing and Settlement Asia 2012 in Hong Kong
SINGAPORE, Jan. 10, 2012 /PRNewswire-Asia/ -- The rising tide of regulations, cost pressures and competition is making a huge impact on Asian securities. For better or worse, these waves of changes are affecting not only those who belong in the custody, clearing and settlement segment, but the entire industry in general.
Meeting the challenges head on, top decision makers from regulatory bodies, investment houses, CSDs, brokerage firms and other industry experts will gather at the 2nd Annual Custody Clearing and Settlement Asia 2012 on 20 & 21 March 2012 at Novotel Century Hotel, Hong Kong to discuss innovations and strategies to ensure growth in today's tough securities environment.
Esmond Lee, Executive Director of Hong Kong Monetary Authority (HKMA) will kickoff the event with a Keynote Address tackling the Pan-Asian CSD Alliance and ways to improve Asia's cross-border trading. Other highlights of the event include: Best Practices towards achieving T+1 and real-time trade settlement; Effective operational risk management practices to enhance custody and clearing processes; and Panel discussion on how likely short selling will be banned in Hong Kong in the future.
One of the major issues that will likely dominate the discussion in this year's forum is the growing impact of cross-border RMB settlement in Asia. This early, a lot of the participants are looking forward to what the experts will say about this latest phenomenon and how it will affect the overall trade settlement in Asia.
"There is little doubt that Hong Kong has now successfully emerged as an offshore centre for RMB, with most financial instruments and investment tools already available in RMB in the market," said Fanny Wong, Bank of China (Hong Kong) Ltd's Deputy General Manager and Head of Custody, one of the notable speakers in the upcoming event.
However, "as a 'new' currency in the international scene, RMB may undergo rather diverse developments in various parts of the world," she added.
Other speakers who will be offering their expertise on their respective domains are Sally Wong, CEO, Hong Kong Investment Fund Association; Ian Smith, Managing Director and Head of Electronic Trading, Citi; Dean Stephan, Chief Risk Officer, BNY Mellon and Giles Elliot, Global Product Head, Securities Services, Standard Chartered, among others.
Tackling a wide range of issues and discussing short and long term solutions, expect this power-packed event to shape the future of Asian markets and beyond.
The 2nd Annual Custody Clearing and Settlement Asia 2012 will be held on 20 & 21 March 2012 in Hong Kong. To find out more information and register for this all-important event, visit www.custodysettlementasia.com or email enquiry@iqpc.com.sg.
