Two days of volatility in SOFR, the main contender to replace Libor, has cast doubt on its suitability as a new benchmark rate for corporate financial activity
Treasurers seeking to obtain higher returns through safe yet liquid assets could consider US and European structured credit as alternative to traditional investments.
Steady pickup in money markets using the Secured Overnight Financing Rate is helping financial industry participants formulate fallback language for existing financial products that use Libor.
China tightens reins on blockchain; Singapore to limit e-wallet size; China increases QFII quota; Philippines and Singapore join forces on derivatives; Basel slashes bank capital requirements
Fitch Ratings will use a new system to study ESG factors when compiling credit ratings. Moody’s warns that debt worth $2.2 trillion across 11 sectors could be downgraded due to environmental risk.
China backs away from new e-commerce rules; China clarifies tax position for foreign bond holders; AML probe deepens on Japanese bank; RBA takes aim at bank profits; MAS grants first private securities platform licence
New research from East & Partners shows that Asia’s Environmental, Social and Governance (ESG) financing scene is gaining traction against the backdrop of supportive government policies
China squares up to bond villains; India allows foreign corporates to deal in commodity derivatives; MAS moves on enforcement; China, Singapore deepen fintech ties; Malaysia eases sukuk regulations.
China Huadian — one of China’s five largest state-owned power generation enterprises —could be the first beneficiary of Hong Kong’s generous bond grant scheme.