The Executives’ Meeting of the East Asia -Pacific Central Banks (EMEAP) has published a study on the implications of benchmark reform across Pacific and East Asia region. The report covers the impact of the discontinuation of LIBOR, Bank of Japan BMR and the ongoing reform of local benchmarks in the region. However, there was a notable decline in the liquidity of the unsecured money markets after the global financial crisis in 2008. Details include insight into market participants’ varying levels of awareness of and preparedness for reform, and guidance on possible future regulatory developments. Relevant document: Study on the Implications of Financial Benchmark Reforms ~ EMEAP WG ~ September 2018
The Executives’ Meeting of the East Asia -Pacific Central Banks (EMEAP) has published a study on the implications of benchmark reform across Pacific and East Asia region. The report covers the impact of the discontinuation of LIBOR, Bank of Japan BMR and the ongoing reform of local benchmarks in the region. Details include insight into market participants’ varying levels of awareness of and preparedness for reform, and guidance on possible future regulatory developments. Relevant document: Study on the Implications of Financial Benchmark Reforms ~ EMEAP WG ~ September 2018