authorities and taxpayers, an avenue may open up for progressively removing barriers from the clearing and settlement of …

In the context of securities clearing and settlement systems, the nature of governance arrangements acquires a … light of the analysis of this paper, and pending a further evolution in the regulation of securities clearing and settlement … jurisdiction, securities clearing and settlement systems should adopt and ensure effective implementation of the highest corporate …

securities trading, clearing and settlement in mainland China, and analyses the policy-making in this field. The paper finds that …, given the effectiveness of the policy process, Chinese clearing and settlement are likely to develop into the “modern …