update the ASEAN Bond Market Development Scorecard; provide a platform for exchange of views and learning points on capital market developments in ASEAN countries; enhance understanding on OTC derivatives developments and emerging regulations; and work with the Secretariat on the Joint Study on Capital Market Integration. Bond Market Development (BMD) Scorecard: With the ASEAN Leader’s endorsement of the AEC Blueprint, the WC-CMD decided to develop a focused and targeted approach towards addressing key market gaps in ASEAN local currency bond markets by 2015. The WC-CMD decided to develop a set of market “bond development indicators” as its main priority action for 2010-2011. The set of indicators which was structured as a BMD scorecard, would serve as benchmark reference points for ASEAN finance officials to measure the state of ASEAN’s bond market development, openness and liquidity, and provide a basis with which to identify market gaps and track the removal of such gaps over time. ACMI Blueprint ASEAN Capital Market Infrastructure Blueprint To enhance the value of the ASEAN Trading Link (ATL), the 17th AFMM in April 2013 agreed to establish a cross-committee to develop a blueprint for the establishment of post-trade linkages for clearing, settlement and depository. The cross-committee comprises members from the ASEAN Capital Markets Forum (“ACMF”), ASEAN Working Committee for Capital Account Liberalisation (“WC-CAL”), ASEAN Working Committee for Capital Market Development (“WC-CMD”) and ASEAN Working Committee for Payment & Settlement Systems (“WC-PSS”). The has developed the ASEAN Capital Market Infrastructure (ACMI) Blueprint which aims to enable ASEAN issuers and investors accessing ASEAN’s capital markets to do so efficiently from any one single access point. This can be achieved through integrated access, clearing, custody and settlement for investors tapping cross-border ASEAN capital markets for equities, government and corporate bonds. The ACMI Blueprint proposes to: leverage on existing ASEAN Exchanges market infrastructure; enhance ASEAN Exchanges market infrastructure capabilities to include ASEAN bonds (i.e. extend beyond equities); and build trading, clearing, depository and settlement linkages through a multilateral linkage model. AMRO ASEAN+3 Macroeconomic Research Office (AMRO) Independent Surveillance Unit of Chiang Mai Initiative Multilateralization Financial Stability (CMIM) The Surveillance Unit of the ASEAN+3 countries (ASEAN, China, Japan and Korea) Monitors and analyses regional economies, and
update the ASEAN Bond Market Development Scorecard; provide a platform for exchange of views and learning points on capital market developments in ASEAN countries; enhance understanding on OTC derivatives developments and emerging regulations; and work with the Secretariat on the Joint Study on Capital Market Integration. Bond Market Development (BMD) Scorecard: With the ASEAN Leader’s endorsement of the AEC Blueprint, the WC-CMD decided to develop a focused and targeted approach towards addressing key market gaps in ASEAN local currency bond markets by 2015. The WC-CMD decided to develop a set of “bond market development indicators” as its main priority action for 2010-2011. The set of indicators which was structured as a BMD scorecard, would serve as benchmark reference points for ASEAN finance officials to measure the state of ASEAN’s bond market development, openness and liquidity, and provide a basis with which to identify market gaps and track the removal of such gaps over time. ACMI Blueprint ASEAN Capital Market Infrastructure Blueprint To enhance the value of the ASEAN Trading Link (ATL), the 17th AFMM in April 2013 agreed to establish a cross-committee to develop a blueprint for the establishment of post-trade linkages for clearing, settlement and depository. The cross-committee comprises members from the ASEAN Capital Markets Forum (“ACMF”), ASEAN Working Committee for Capital Account Liberalisation (“WC-CAL”), ASEAN Working Committee for Capital Market Development (“WC-CMD”) and ASEAN Working Committee for Payment & Settlement Systems (“WC-PSS”). The has developed the ASEAN Capital Market Infrastructure (ACMI) Blueprint which aims to enable ASEAN issuers and investors accessing ASEAN’s capital markets to do so efficiently from any one single access point. This can be achieved through integrated access, clearing, custody and settlement for investors tapping cross-border ASEAN capital markets for equities, government and corporate bonds. The ACMI Blueprint proposes to: leverage on existing ASEAN Exchanges market infrastructure; enhance ASEAN Exchanges market infrastructure capabilities to include ASEAN bonds (i.e. extend beyond equities); and build trading, clearing, depository and settlement linkages through a multilateral linkage model. AMRO ASEAN+3 Macroeconomic Research Office (AMRO) Independent Surveillance Unit of Chiang Mai Initiative Multilateralization Financial Stability (CMIM) The Surveillance Unit of the ASEAN+3 countries (ASEAN, China, Japan and Korea) Monitors and analyses regional economies, and
Capital-Market-Development-and-Financial-Liberalization-Initiatives-Briefer-SEC-Participated-Inititives-July-2014.docx