Banking & Capital Markets
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Learn more about our Banking & Capital Markets team and how they can help your business integrate disruptive technologies with an ecosystem of partners to achieve growth.
The EY Banking & Capital Markets team of industry-focused professionals, integrates sector knowledge and technical experience to help strategically build a better banking ecosystem.
ISLAMABAD: The Power Division has constituted a seven-member committee to identify an appropriate benchmark to...
SBI ready to embrace new benchmarks (ARRs) in LIBOR transition
State Bank of India on Wednesday said it has executed two inter-bank short term money market transactions with pricing linked to secured overnight financing rate (SOFR). SOFR is an identified replacement for USD LIBOR (London Inter-Bank Offered Rate) which is expected to be phased out at the end of 2021. The transactions were executed by the bank through its Hong Kong branch, a release said. "The transaction demonstrates SBI's progress in aligning its systems and processes to embrace Alternate Reference Rates (ARRs). "LIBOR transition is a significant financial event for international fi...