The HKMA published an update on benchmark reform and set out the steps it will take to monitor the progress of authorised institutions preparing to migrate from IBORs to RFRs. April 09, 2020 The central bank plans to conduct a survey to gauge institutions' exposure to IBORs and the progress made to prepare for the transition. In addition, the Bank is also considering whether there are any risks associated with moving away from RBR.
The HKMA published an update on benchmark reform and set out the steps it will take to monitor the progress of authorised institutions preparing to migrate from IBORs to RFRs. The central bank plans to conduct a survey to gauge institutions' exposure to IBORs and the progress made to prepare for the transition. In addition, the Bank is also considering whether there are any risks associated with moving away from RBR.