9 Questions
What is the minimum capital required for a Parent Bank to set up a Banking Unit in an International Financial Services Centre?
USD 20 million
What is the maximum number of Banking Units that a Parent Bank can establish in each International Financial Services Centre?
One
What is the purpose of a No Objection Letter required from a Parent Bank's home regulator for setting up a Banking Unit in an International Financial Services Centre?
To confirm that the Parent Bank has no objection to the BU's operations
What is the minimum capital required for a Parent Bank to set up a Banking Unit in an International Financial Services Centre?
USD 20 million
What is the maximum number of Banking Units that a Parent Bank can establish in each International Financial Services Centre?
One
What is the purpose of a No Objection Letter required from a foreign bank's home regulator regarding setting up of the Banking Unit in the International Financial Services Centre?
To confirm approval for setting up the BU
What is the Liquidity Coverage Ratio and who is responsible for maintaining it?
The Banking Unit is responsible for maintaining the Liquidity Coverage Ratio
What is the Net Stable Funding Ratio and who is responsible for maintaining it?
The Banking Unit is responsible for maintaining the Net Stable Funding Ratio
What are the norms and guidelines relating to leverage ratio and who is responsible for adhering to them?
The Authority is responsible for determining the norms and guidelines relating to leverage ratio
Test your knowledge on the requirements for setting up a banking unit in an International Financial Services Centre with this quiz! From the licence application process to the necessary qualifications, this quiz will challenge your understanding of the regulations surrounding banking units. Keywords: banking unit, licence, International Financial Services Centre, regulations, qualifications.
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