Banks fear three popular Asian foreign exchange rates will fall foul of new benchmark rules, meaning new derivatives products will be unable to reference them after 2020.
What started as a business disagreement between two Asian exchanges has become a source of growing concern for international investors.
Asia Securities Industry & Financial Markets Association CEO Mark Austen weighs in on the inclusion of China A-Shares in the MSCI index. He speaks on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
The comprehensive new report provides best practices developed by ASIFMA, its membership and market participants.
Asian markets were broadly lower Tuesday. Tech stocks struggled throughout the region, with tech-heavy indexes in South Korea and Taiwan dropping by 0.6% and 0.5%, respectively.
The comprehensive new report provides best practices developed by ASIFMA, its membership and market participants.
The comprehensive new report provides best practices developed by ASIFMA, its membership and market participants.
New regulatory framework aims to allow European firms to continue using local benchmarks.
GFMA serves as a forum that brings together its existing regional trade association members to address issues with global implications. ASIFMA is an independent, regional trade association with over 165+ member firms comprising a diverse range of leading financial institutions from both the buy and sell side.
ASIFMA Headquarters
Unit 3603, Tower 2
Lippo Centre
89 Queensway
Hong Kong
Phone: +852 2531 6500
Email: Click here
ASIFMA Singapore Office
12 Marina View, Asia Square Tower 2
Level 11, #11-01
Singapore
018961
