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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.
The Philippine central bank is resorting to a measure first implemented in the 1997 Asian Financial Crisis. Is this the first sign of a big chill in regional FX markets?
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?