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South Korean financial regulators will hold a briefing to boost the adoption of their risk-free reference rate as they seek to follow other countries in moving away from benchmarks based on bank submissions such as Libor https://t.co/4pCtl4n4Vn
South Korean financial regulators will hold a briefing to boost the adoption of their risk-free reference rate as they seek to follow other countries in moving away from benchmarks based on bank submissions such as Libor https://t.co/6Ma69AScTY
Asian stocks recover, erasing losses from the Aug. 5 rout https://t.co/TW4OhZkx2l
South Korea is set to establish guidelines to accelerate the transition to a new interest rate swaps benchmark, according to sources. The move is part of an effort to adopt a risk-free reference rate, aligning with global trends to move away from benchmarks like Libor, which are based on bank submissions. South Korean financial regulators are expected to hold a briefing to encourage the adoption of this new benchmark in the country's $4.3 trillion interest rate swap market.