Talking points
Our editors will be looking ahead today to these developing stories . . .
The 36-strong delegation that will represent Hong Kong in China's parliament for the next five years is elected. Some 52 candidates, including former security chief Ambrose Lee Siu-kwong and incumbents Rita Fan Hsu Lai-tai and Fanny Law Fan Chiu-fun, will attempt to sway the votes of some 1,620 electors to serve as delegates to the National People's Congress.
Swiss banking giant UBS is expected to confirm that it will pay about US$1.5 billion to settle charges that some traders at a Japanese unit rigged Libor interest rates. While it is lower than the settlement recently announced by HSBC, it would be the latest in a series of blows to UBS, which suffered a US$2.3 billion loss through a rogue trader in London last year, and a US$780 million fine after a US tax investigation in 2009.