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Exact(17)
They have asked him to establish a "fair" and "reasonable" market price for their father's work.
But reasonable market share data from Kantar Worldpanel has lifted Morrisons 5.9p to 183.9p and Tesco 5.5p to 238.9p.
The BBA plays a role akin to an auctioneer, asking banks to submit daily estimates of the rate they would pay to borrow in "reasonable market size".
"But my position is different — I am looking to hold the building for a long time and am not looking for high, high rent, just a reasonable market price".
They were asked: "At what rate could you borrow funds, were you to do so by asking for, and then accepting, interbank offers in a reasonable market size just prior to 11am?" The British Bankers Associationn had been associated with setting Libor since 1986 but is now no longer involved in compiling the rates after relinquishing the role last year.
The question asked of the 16 banks that helped set Libor was, "At what rate could you borrow funds, were you to do so by asking for and then accepting interbank offers in a reasonable market size just prior to 11 a.m.?" The B.B.A. then threw out the four highest and lowest figures it received, and used the mean of the remaining eight to set Libor for that day.
Similar(38)
Exelon's press release quotes the company's CEO, John Rowe:"Inaction on climate is not an option," said Rowe. "If Congress does not act, the EPA will, and the result will be more arbitrary, more expensive, and more uncertain for investors and the industry than a reasonable, market-based legislative solution".
Nevertheless, he sees "the prospect for a reasonable equity market going forward".
More striking, recent work by Kerwin Charles and Jonathan Guryan, of the University of Chicago, shows that, under certain reasonable conditions, market competition will not necessarily eradicate discrimination.
Assuming a loss of 10-15% on the bets that went wrong, which seems reasonable given market movements over the past three months, Mr Adoboli would have had to have made fictitious trades with a face value of more than $15 billion, bankers say.
If you wanted to sell all antique chairs made in Italy, then you've created a reasonable niche market within your hobby, and will have a sizable potential customer base.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com