Bailey acknowledged there had been calls to step back from the Libor transition as a priority because of the shock to global financials markets caused by the coronavirus crisis.
But in my view, what we saw in financial markets in March in response to the shock of Covid only reinforces the importance of removing the financial system's dependence on Libor in a timely way.
A key gauge of interbank bank borrowing costs recorded its biggest one-day decline in more than 2-1/2 weeks, hinting less stress in US money markets as the Federal Reserve has injected over $200 billion in temporary cash in the US banking system. The Lond
The interest rate that banks charge each other to borrow dollars for three months posted its biggest daily fall in 10 years on Friday as traders betted that the Federal Reserve may boost the number of US rate cuts to counter the potential economic impact
Pakistan Telecommunication Authority (PTA) has rejected mobile operators' apprehensions relating to the price of licence renewal and passed an order while fixing the fee for license renewal at $39.5 million per MHz for frequency spectrum of 900 MHz and $2
The Islamabad High Court (IHC) has directed Telenor and Jazz for depositing 50 percent of licence renewal fee, i.e. around Rs 36 billion for each company, within two weeks as guarantee.
The Islamabad High Court (IHC) has directed Telenor and Jazz for depositing 50 percent of licence renewal fee, i.e. around Rs 36 billion for each company, within two weeks as guarantee.
The provincial government of Khyber Pakhtunkhwa has decided to bring the throw-forward of development schemes during the current financial year 2019-20 to 4 years. The development situation inherited by the new government had a throw-forward of more than
The Islamabad High Court (IHC) has directed Pakistan Telecommunication Authority (PTA) to decide about the renewal of licences of the mobile companies by July 15.
The government of Khyber Pakhtunkhwa would receive straight transfers to the tone of Rs 25.6 billion in head of oil & gas royalties and surcharges during the upcoming financial year 2019-20, said white paper on the annual budget.
The government has budgeted Rs 52.73 billion from 3G licences under the head of non-tax revenue for the next fiscal year 2019-20 against Rs 6.854 billion budgeted for the current fiscal year which was later revised to Rs 66.620 billion.
The government has budgeted Rs 52.73 billion from 3G licences under the head of non-tax revenue for the next fiscal year 2019-20 against Rs 6.854 billion budgeted for the current fiscal year which was later revised to Rs 66.620 billion.
Switzerland's central bank said Thursday it was dropping Libor as a reference in setting interest rates in another blow to the scandal-plagued benchmark.
The government has given one month extension to mobile phone operators in renewal of licences to avoid disruption in services, as licences of two mobile operators expired Saturday. This was revealed by Chairman Pakistan Telecom-munication Authority (PTA)
The government has given one month extension to mobile phone operators in renewal of licences to avoid disruption in services, as licences of two mobile operators expired Saturday. This was revealed by Chairman Pakistan Telecom-munication Authority (PTA)
The government has given one month extension to mobile phone operators in renewal of licences to avoid disruption in services, as licences of two mobile operators expired Saturday. This was revealed by Chairman Pakistan Telecom-munication Authority (PTA)
The Ministry of Information Technology and Telecommunication has issued policy directive to Pakistan Telecommunication Authority (PTA) and Frequency Allocation Board (FAB) for renewal of three cellular mobile licences of which the government is projecting
The fate of estimated revenue of $1.37 billion from renewal of cellular mobile licences hangs in the balance, as mobile companies have rejected the government policy on renewal of licences, while claiming that their concerns were not addressed. Talking to
The fate of estimated revenue of $1.37 billion from renewal of cellular mobile licences hangs in the balance, as mobile companies have rejected the government policy on renewal of licences, while claiming that their concerns were not addressed. Talking to
The fate of estimated revenue of $1.37 billion from renewal of cellular mobile licences hangs in the balance, as mobile companies have rejected the government policy on renewal of licences, while claiming that their concerns were not addressed. Talking to
The federal government on Tuesday approved renewal of cellular mobile licences policy for 15 years that would generate estimated revenue of $1.37 billion. However, senior officials in the Ministry of Information Technology and Telecomm-unication described
The federal government on Tuesday approved renewal of cellular mobile licences policy for 15 years that would generate estimated revenue of $1.37 billion. However, senior officials in the Ministry of Information Technology and Telecomm-unication described
The federal government on Tuesday approved renewal of cellular mobile licences policy for 15 years that would generate estimated revenue of $1.37 billion. However, senior officials in the Ministry of Information Technology and Telecomm-unication described
Revamped versions of the Euribor and Eonia interest rate benchmarks are set to get the regulatory green light by the end of the year, helping the euro zone catch up with reforms aimed at avoiding a repeat of the global rate-rigging scandals. Jean-Louis Sc
What banks charge each other to borrow dollars for three months fell to its lowest level in over six months on Thursday in the wake of the Federal Reserve's decision to lower the interest it pays banks on excess reserves in a bid to stabilize money market
The Federal Cabinet is likely to approve the policy for renewal of licences of cellular companies on Tuesday (today) after incorporating legal adjustment, through which the government has estimated to generate $1.3 billion. Prime Minister Imran Khan will
The federal government is all set to renew licences of cellular companies for another 15 years against millions of dollars fee, well informed sources told Business Recorder.
Banks are cutting Collateralized Loan Obligation (CLO) issuance forecasts after spreads on the most senior tranches of the funds hit a more than two-year high, challenging the creation of new deals. Barclays last week cut its forecast for US CLO refinanci