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    Question

    In January of this year, CCIL (Clearing Corporation of

    India Ltd) made an application to which institution for recognition as third country CCPs (TC-CCPs)?
    A Federal Reserve Correct Answer Incorrect Answer
    B European Central Bank (ECB) Correct Answer Incorrect Answer
    C Bank of England (BoE) Correct Answer Incorrect Answer
    D Reserve Bank of Australia (RBA) Correct Answer Incorrect Answer
    E Bank of Canada (BoC) Correct Answer Incorrect Answer

    Solution

    CCIL, in January this year, had made an application to the Bank of England for recognition as third country CCPs (TC-CCPs). The MoU between the RBI and the BoE confirms the interests of both the authorities in enhancing cooperation in line with their respective laws and regulations

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