Libor transition and why banks in Asia are not working fast enough
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.
As the decade draws to a close in a month, there’s still lack of clarity on how exactly banks and corporates will transition to a world where the London Interbank Offered Rate (Libor) phases out of existence after two years.
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