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Update on LIBOR Reform: HKMA Circular

Update on LIBOR Reform: HKMA Circular

Overview of the HKMA’s Circular to banks on preparations for the LIBOR transition, as well as suggested actions to take

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On 5 March 2019, the Hong Kong Monetary Authority (HKMA) issued a Circular to banks in Hong Kong to request authorised institutions (AIs) to make preparations for the LIBOR transition. This client update explores the preparatory work the HKMA recommended and suggests actions to be taken by AIs in Hong Kong.

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