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.
Japan grants cryptocurrency body regulatory powers; blockchain firms in China need to register identities; Trading begins at Shenzhen-based HKEx owned commodities exchange.
The IMF has endorsed the renminbi as a freely usable currency, recognising China’s increased importance in the global financial market. The renminbi’s journey to attaining this status was never straightforward.
A joint CT CBA poll examines the behaviour of corporate treasury departments throughout Asia-Pacific and finds dependence on counterparty ratings and local treasuries limited by central policy.
ICBC’s Singapore branch can now provide renminbi cross-border settlements. What factors will help Singapore to rival Hong Kong as a renminbi hub and what will it mean for the CNH? CT asks the experts