The joint private-sector forum introduced today will specifically be looking into clearing and settlement systems, market liquidity and the development of new yuan-denominated products.

FORBES: London Seeks Slice Of China Currency Market

Europe's banks may have to deal with up to 31 different national and cross-border clearing and settlement systems when trading in European shares and bonds.

ECONOMIST: European settlement systems

Clearing and settlement systems, by contrast, are boring businesses.

ECONOMIST: Settling scores | The