Financial Market Infrastructures (FMIs) play a critical role in the financial system and the broader economy by facilitating the clearing, settlement and recording of monetary and other financial transactions and thereby maintaining and promoting financial stability and economic growth. However, the trends of financial sector development and interdependence of FMIs affect the assessment and management of payment and settlement risk for FMIs. It is thus important to know the status of FMIs in member economies as well as the trend and observations of their interdependence.
Accordingly, the objectives of the study are to: (i) highlight trend of interdependence between FMI by initiating development of a simplified framework (both analytical and operational); (ii) provide observations on the situation of payment transaction related information from economies of the nine SEACEN participating member central banks and monetary authorities; and (iii) propose recommendations in this regard.
CHAPTER 1: ANALYTICAL FRAMEWORK IN ASSESSING SYSTEMIC FINANCIAL MARKET INFRASTRUCTURE:
INTERDEPENDENCE OF FINANCIAL MARKET INFRASTRUCTURE AND THE NEED FOR A BROADER RISK PERSPECTIVE
By Nephil Matangi Maskay
CHAPTER 2: ANALYTICAL FRAMEWORK IN ASSESSING SYSTEMIC FINANCIAL MARKET INFRASTRUCTURE OF INDIA
By Edwin Prabu A.
CHAPTER 3: ANALYTICAL FRAMEWORK IN ASSESSING SYSTEMIC FINANCIAL MARKET INFRASTRUCTURES IN INDONESIA
By Irwanto
CHAPTER 4: FINANCIAL MARKET INFRASTRUCTURE INTERDEPENDENCIES IN KOREA
By Jongsang Lee and Seungjin Baek
CHAPTER 5: AN ANALYTICAL FRAMEWORK IN ASSESSING SYSTEMIC FINANCIAL MARKET INFRASTRUCTURE:
NEPAL – FOCUS ON PAYMENT AND SETTLEMENT SYSTEM
By Hari Gopal Adhikari
CHAPTER 6: ANALYTICAL FRAMEWORK IN ASSESSING SYSTEMIC FINANCIAL MARKET INFRASTRUCTURE
OF PAPUA NEW GUINEA
By Wilson E. Jonathan
CHAPTER 7: THE PHILIPPINE PAYMENT SYSTEM
By Cristeta Bagsic
CHAPTER 8: ANALYTICAL FRAMEWORK IN ASSESSING SYSTEMIC FINANCIAL MARKET INFRASTRUCTURE – SRI LANKA
By K. M. A. N. Daulagala
CHAPTER 9: ANALYTICAL FRAMEWORK IN ASSESSING SYSTEMIC FINANCIAL MARKET INFRASTRUCTURE IN CHINESE TAIPEI
By Chuan-Chuan Chen and Yilin Tsai
CHAPTER 10: ANALYTICAL FRAMEWORK FOR ASSESSING THE SYSTEMIC FINANCIAL MARKET INFRASTRUCTURE IN VIETNAM
By Trong Vi Ngo and Anh Hoang Ly