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.
*Safe regulates capital outflow for inter-bank bond investment
*Thailand plans reporting exemptions for foreign issuers
*CFTC adopts X-border approach for uncleared swaps
*Indonesia moves to full IFRS convergence
China to push for corporate direct financing * RBI eases requirements for banks to turn loans into staes * Korea FSC eases corporate listing rules * KRX looks to enable share trading through blockchain * And much ...
The last remaining Asian jurisdictions agreed in substance to comply with US FATCA, last week. Corporates should analyse entities in group companies for FATCA status.