Asia-Pacific Execs Propose New Scheme for Securities Identification

Hong Kong - With the significant increase in complex instruments, firms have lost control of risk management partly due to the lack of a unique, globally adopted securities identifier, according to panelists at the Asia Pacific Financial Information Conference in Hong Kong in October.

In recent years, there has been a rapid growth in trading in complex instruments, such as credit default swaps, leading to new challenges in the back office. "The hedge funds that had bought these products from