Question

According to the IFSCA Circular on Participation in Synthetic Securitisation Programs by IBUs (July 2024), which of the following conditions must be met for IBUs to participate in their Parent Bank’s synthetic securitisation program?

A IBUs must first obtain approval from the Reserve Bank of India (RBI)
B The home regulator of the IBU must have adopted the Basel III framework
C IBUs must submit a daily report of their exposures to IFSCA
D IBUs must hold physical collateral against the exposures
E IBUs must conduct monthly audits of their participation in the program
Practice Next

Hey! Ask a query