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
China backs away from new e-commerce rules; China clarifies tax position for foreign bond holders; AML probe deepens on Japanese bank; RBA takes aim at bank profits; MAS grants first private securities platform licence
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.
The unmet demand for trade finance services yawns widely reaching more than $1.6 trillion. The ICC concludes banks alone will not solve this desperate issue.
After the Barclays fixing scandal, financial analysts are in strong agreement that Libor submissions should be a regulated activity and subject to criminal sanctioning, according to the results of a global CFA ...