Browsing Tag

Libor

SBP widens Islamic banks’ benchmark requirements

2 years, 1 month ago

ISLAMABAD: Pakistan's central bank has amended its regulations to exempt Islamic banks from using interest-based benchmarks for some of their financing products, the latest government step aimed at boosting Islamic finance.

Six top banks fined for forex, Libor rigging

3 years, 4 months ago

NEW YORK: US and British regulators hit six leading global banks with fines of nearly $6 billion Wednesday for rigging the global foreign exchange and Libor interest rate markets to bolster their profits.