Although sections of the market seek an extension to the date for phasing out Libor, treasury officials, bankers and lawyers say they are working under the assumption there won’t be any delays.
New online lending regulation for small businesses to further constrain microloans and preempt systematic risk, especially from informal lending by fintechs, ratings agency says.
Mox, the fifth of Hong Kong’s virtual banks, launched last month, showing a solid initial response. But what’s the future for the others and what’s in it for corporate treasurers?
Expectations that banks will be able to recoup losses from low interest rates by hiking fees remain unrealistic given the weak overall economic conditions in China and Hong Kong
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.
MAS renews plan to establish KYC storehouse; HK and PBoC to collaborate on CBDC; MAS unleashes AI based compliance tool; BoT eases capital restrictions amid baht volatility
As Hong Kong’s protests stretch into their fourth month, at least two of the city’s new virtual banks have decided on a delayed soft launch of the financial product
If “data is the new oil” then is it flowing freely across digital pipelines? Will data subjects benefit? Will artificial intelligence be used ethically? Deutsche Bank looks at the need for effective cross-border data ...
Beneficial ownership, it seems, is in the eye of the beholder. With jurisdictions making their own rules, they're set to become as complex as sanctions, a banker argues