MAS official flags risks in Asia’s path to T+1 settlement
A senior Singapore regulator has warned that Asia’s likely move to T+1 settlement must be carefully managed to avoid introducing new risks into the region’s financial infrastructure.
Ian Chung, executive director of the markets, infrastructures and intermediaries department at the Monetary Authority of Singapore, said he saw a move to T+1 settlement as inevitable for the Asia-Pacific region. However, Chung stressed that, for Asia, any such transition would be uniquely complex and fraught with
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