Treasurers in Hong Kong are eyeing a US rate hike in September, but as uncertainty lingers – and the gap between the rates in HK and the US remains – the HKMA is left to bail out the currency.
With the world's key interest rate benchmark set to disappear as soon as 2021, those expecting an easy transition risk a rude awakening, a top Australian official says.
The People's Bank of China launches RMB/EUR trading; the Hong Kong financial system weathers protests; and the Reserve Bank of India consults on new regulatory philosophy.
Singapore’s central bank has proposed criminal and civil sanctions for benchmark manipulation in a bid to improve trading transparency. Experts are divided whether it will work.