Against this background, global efforts have been taken in reforming the financial benchmarks. The Executives’ Meeting of East Asia-Pacific Central Banks (EMEAP) has published a study on the implications of benchmark reform across the East Asia and Pacific region. The report covers the impact of the discontinuation of LIBOR, EU BMR and the ongoing reform of local benchmarks in the region. In this report, EMEA central banks are looking at how they can support their economies by supporting domestic demand through monetary policy measures. Relevant document: Study on the Implications of Financial Benchmark Reforms ~ EMEAP WG ~ September 2019
The Executives’ Meeting of East Asia-Pacific Central Banks (EMEAP) has published a study on the implications of benchmark reform across the East Asia and Pacific region. The report covers the impact of the discontinuation of LIBOR, EU BMR and the ongoing reform of local benchmarks in the region. In this report, EMEA central banks are looking at how they can support their economies by supporting domestic demand through monetary policy measures. Relevant document: Study on the Implications of Financial Benchmark Reforms ~ EMEAP WG ~ September 2019