ibps-so 2023 · Question 253 of 323

e e 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)?

AFederal Reserve
BEuropean Central Bank (ECB)
CBank of England (BoE)Correct
DReserve Bank of Australia (RBA)
EBank of Canada (BoC)

Answer: C. Bank of England (BoE)

Explanation

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

Source: IBPS SO Prelims Memory Based 2023 (RA/LO) - ixamBee · memory-based

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