Private credit might be less attractive than it was last year as investors rush into the market, but there are sweet spots to be found.
The memorandum of understanding (MoU) between the European depository bank and its Indian counterparts aims to boost cooperation between the three organisations.
Central Depository Services (India) and National Securities Depository (India) will, with Euroclear, also explore the possibility of establishing an operational link between the central securities depositories.
Ignace Combes, deputy chief executive officer of Euroclear, says the Indian market offers tremendous potential, as it continues to develop and attract global investors. "When we offer services for domestic securities, we ultimately create a link - either directly or indirectly - with the local central depository. Euroclear bank wants to develop a solid relationship with the Indian depositaries for when the Indian domestic market becomes eligible for international investor trading in the local rupee currency," he says.
The three firms will exchange staff to increase knowledge of the respective securities markets and the various risk-management practices.
A similar memorandum was signed by Euroclear and the Clearing Corporation of India in January 2007, for bond transactions.
Domestic securities from eight Asia-Pacific markets are currently eligible for settlement, custody and related services at Euroclear Bank. Euroclear is the worldÆs largest provider of domestic and cross-border settlement and related services for bond, equity, derivatives and fund transactions, settling $665 trillion worth of transactions annually.
Regulators keep their eyes open on tightening insurance industry by introducing more detailed risk management requirements, which could bring pressure on smaller players.
China and India are more obvious choices for AustralianSuper to consider in Asia Pacific, but the super fund currently lacks the expertise and prefers to stick to the US and Europe.
CDPQ's Ivanhoe Cambridge hires ex-GIC real estate expert; NZ Super adds board member; Future Fund appoints chief people officer; BlackRock real estate CIO joins Singapore's Capitaland; AMP Capital hires MD for energy; Northern Trust AM names new CIO; T Rowe Price hires AU and NZ institutional head; Nuveen hires Southeast Asia institutional head; Citi names sustainability head in Singapore; and more
Investors are increasingly turning to private companies and private debt in their hunt for ESG alpha, but the age-old problem of transparency and due diligence remains