Overnight and 12-month US dollar Libor settings have now permanently ceased. What does the future hold for corporate treasurers after this landmark transition?
China’s Ministry of Finance has proposed banning overseas accounting firms from auditing mainland companies; India’s Ministry of Corporate Affairs announced new rules on share capital and debenture ratios; and joint regulator action in China limits interbank lending.
The offshore renminbi interbank offered fixing rate is now in swing. Limited liquidity will impact the ability to produce hedging products on the back of it, at least for the short-term, experts note.
Jun 24, 2013
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The Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA) both announced plans that could further open up the marketplace for offshore renminbi in Hong Kong.