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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.
Japan’s lenders are heading into Asia willing to loan, but plans of dominating Asian transaction banking are far from realised.
European banks have been pulling their exposure to the US as regulation, bad debt and credit risk aversion all force them out of the game.