Regulatory Alerts2023-04-14
Added · Updated
Reform of interest rate benchmarks
The Hong Kong Monetary Authority issued this circular on 14 April 2023 to guide all authorized institutions on the transition away from the London Interbank Offered Rate. The document provides specific cover notes for corporate treasurers to manage the discontinuation of LIBOR benchmarks. It serves as a regulatory update ensuring financial institutions comply with the established timeline for interest rate benchmark reforms.
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