ASIA PACIFIC LIBOR: TP considerations for Asian financial and treasury centres

Following the announcement by the UK authorities that LIBOR reporting would not be required by regulators after the end of 2021, key financial centres have been trying to identify and switch to alternative risk-free rates (RFRs) for the eventual end of LIBOR and its equivalents. Key financial markets in the world, including those in Asia such as Japan, Singapore and Hong Kong SAR have developed or identified their own versions of alternative RFRs, each of which have differing characteristics.