Benchmark reform: HONIA beckons but is Hong Kong ready for it?
TMA published feedback from market participants on HONIA as the successor to HIBOR in late December but unlike its US counterpart SOFR, Asian businesses are taking time to adapt
The imminent demise of the London Interbank Offered Rate (LIBOR) in the next two years may have sparked a sense of urgency in the US and Europe but in Asia the alternative reference rate regime is far from clear.
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