Where does Libor live in a bank? Why are banks in Asia not looking at Libor transition seriously? Which bank is racing ahead? It’s been an interesting couple of weeks for Libor transition watchers.
From Kasikornbank in Thailand to HDFC in India, large corporates increasingly turn to local Asian banks over global players to meet their corporate banking needs in Asian markets.
New regulations have put the future of notional pooling in question. But Asia's capital controls mean treasurers at some multinationals still see it as key to handling trapped cash in the region.