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.
China tightens reins on blockchain; Singapore to limit e-wallet size; China increases QFII quota; Philippines and Singapore join forces on derivatives; Basel slashes bank capital requirements
From today Chinese financial institutions no longer have to set aside 20 per cent of the value of dollar purchases. For treasurers, that means lower costs and an opportunity to hedge.