Although sections of the market seek an extension to the date for phasing out Libor, treasury officials, bankers and lawyers say they are working under the assumption there won’t be any delays.
Supply chains squeezed, deliveries delayed and consumption collapsing, these are testing times for treasurers. CT looks at how much stretch there can be in contract language.
The decision to stay away from offshore debt markets comes even as central banks double down their efforts to support economies by slashing interest rates
Expectations that banks will be able to recoup losses from low interest rates by hiking fees remain unrealistic given the weak overall economic conditions in China and Hong Kong
Supply chains that once spanned the globe are now coming back home. One of the unintended consequences of the coronavirus outbreak is that it is accelerating the shift.
TMA published feedback from market participants on HONIA as the successor to HIBOR in late December but unlike its US counterpart SOFR, Asian businesses are taking time to adapt
When Asian firms go West, their governance practices can be exposed to the harsh light of foreign regulation. A forensic accountant tells CT what you can do.