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OFFA does not provide funding itself, but approves and monitors access agreements with universities and colleges.
"Either it should ensure funding remains in place, or it must guarantee the funding itself," McDonnell said.
One aim of the reorganisation at UBS is to stop its investment-banking arm from funding itself with inexpensive capital thrown off by the wealth-management arm.
A crucial point was reached earlier this week when, amid worries over its ability to keep funding itself and, if needed, raise additional capital, its share price slumped.
For a tool that advertises itself as capable of government circumvention, the appearance of funding itself mostly with US government grants is bad.
Of course, they have to get their money from somewhere, and the concept of foreign funding itself is not the issue.
Similar(31)
On Friday, federal authorities took aim at the fund itself.
The fund itself will provide about $600 million in 2003.
Most of the support comes from the fund itself.
The commodity is not the fund itself nor the bonds in the fund.
Personality of Mr. Sykes who originated the fund and details about the fund itself.
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