Regulatory Alerts2023-04-14
Added · Updated
Reform of interest rate benchmarks
The Hong Kong Monetary Authority and the Treasury Markets Association jointly developed a leaflet and Q&A to guide corporate customers in transitioning away from remaining LIBOR settings. Authorized institutions are recommended to distribute these materials to clients holding outstanding LIBOR-linked contracts to ensure timely preparation. This initiative aims to facilitate an orderly transition by raising awareness and providing necessary guidance to affected businesses.
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