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.
Technoform raised a Rmb10 million loan from ICBC in a Chinese-Singaporean pilot initiative that bypasses foreign debt quotas. At least four other companies are following suit.
It’s accepted by many as a real and present danger, but there's very little anyone can do about it. This is why the bankers are silent on the matter, naturally preferring to steer the conversation to what they can ...