The RBI and SEBI were members of one such Task Force on Securities Settlement Systems constituted by Bank for International Settlements. The report has since been finalised and released by BIS.
Both ASEAN and EU give primacy and importance to MSMEs – in ASEAN, they account from 88 to 99 percent of total establishments, with the large majority of member countries at high 90%, while in the EU they represent 99% of establishments.