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.
Highly controlled and with tiny international reserves, there are many stumbling blocks to the renminbi as a global currency. But could emerging economies along the Belt and Road change all that?
China signs depositor protection MOU with US; Singapore publishes final derivatives reporting rules; Foreign Companies can trade equity in China’s “third bourse”