The People's Bank of China (PBOC) issued regulations last month allowing banks to conduct renminbi-denominated interest rate swap transactions on a trial basis. The move is the latest in a series of measures by the central bank to liberalise the renminbi derivatives market.
In a statement on its website, the PBOC says the decision to open up the renminbi interest rate swaps market is in response to the need for participants in the interbank bond market to better manage interest rate risk. The
The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quants stymied by lack of alternative risk premia flows data