Given EM’s increased dependency on FX debt, the world is in dire of need of the restructuring tools to deal with the potential fallout from rate tightening, Bank of Thailand chief warns.
Due to regulatory requirements, banks are keen to promote repos to cash-rich corporates. They certainly offer a different risk return profile, but it is questionable how appetising the product is.
The US securities regulator has dramatically altered the shape of the US money market fund industry by imposing new restrictions on how funds are valued. Asian investors may not immediately be affected, but should ...