Asia CCPs unlikely to fully comply with Iosco before end-of-2012 deadline
Clearing houses in Asia are highly unlikely to be fully compliant with the 24 CPSS-Iosco principles before the January 1, 2013 deadline, not least because the assessment methodology for qualified compliance status is months away from being finalised, according to industry sources.
Ongoing efforts to update systems in many jurisdictions and implementation of many of the Committee on Payment and Settlement Systems/International Organization of Securities Commissions recommendations for clearing
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