Regulatory Alerts2021-07-08
Added · Updated
Reform of interest rate benchmarks
The Hong Kong Monetary Authority issued this circular to guide all authorized institutions on the transition away from the London Interbank Offered Rate. The document outlines the regulatory expectations and necessary steps for managing the risks associated with the discontinuation of LIBOR. It serves as a cover note for corporate treasurers to ensure compliance with the ongoing reform of interest rate benchmarks.
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