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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.
*HKMA launches infrastructure financing unit *Indonesia central bank to intervene in FX market *Korea offers tax perks to reshoring companies
With the move, companies dealing in the Korean won are expected to see significant savings in transactional costs and lessened currency risks.