Podcast
Questions and Answers
What is the minimum capital required for a Parent Bank to set up a Banking Unit in an International Financial Services Centre?
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 (correct)
- USD 10 million
- USD 15 million
- USD 25 million
What is the maximum number of Banking Units that a Parent Bank can establish in each International Financial Services Centre?
What is the maximum number of Banking Units that a Parent Bank can establish in each International Financial Services Centre?
- Two
- One (correct)
- Four
- Three
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?
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 guarantee the profitability of the BU
- To ensure that the Parent Bank has enough liquidity to support the operations of the BU
- To assess the Parent Bank's compliance with regulatory requirements
- To confirm that the Parent Bank has no objection to the BU's operations (correct)
What is the minimum capital required for a Parent Bank to set up a Banking Unit in an International Financial Services Centre?
What is the minimum capital required for a Parent Bank to set up a Banking Unit in an International Financial Services Centre?
What is the maximum number of Banking Units that a Parent Bank can establish in each International Financial Services Centre?
What is the maximum number of Banking Units that a Parent Bank can establish in each International Financial Services Centre?
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?
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?
What is the Liquidity Coverage Ratio and who is responsible for maintaining it?
What is the Liquidity Coverage Ratio and who is responsible for maintaining it?
What is the Net Stable Funding Ratio and who is responsible for maintaining it?
What is the Net Stable Funding Ratio and who is responsible for maintaining it?
What are the norms and guidelines relating to leverage ratio and who is responsible for adhering to them?
What are the norms and guidelines relating to leverage ratio and who is responsible for adhering to them?
