Common Understanding on Cross-Border Business Continuity Planning and Cybersecurity Cross-Border Settlement Infrastructure Forum

Abstract

This publication developed by the Cross-Border Settlement Infrastructure Forum, composed of the central banks and central securities depositories of the Association of Southeast Asian Nations and the People’s Republic of China, Japan, and the Republic of Korea—collectively known as ASEAN+3—is an important discussion topic as members work toward realizing the establishment of central securities depository and real-time gross settlement linkages in the region. This report sets out a broad, common understanding on the important elements of cross-border business continuity planning and cybersecurity, particularly on issues relating to the finality of cross-border settlement and payment systems. As Secretariat of the Cross-Border Settlement Infrastructure Forum, the Asian Development Bank supports this initiative.