Consider the following statements about the Regulatory Consistency Assessment Programme (RCAP): 1. RCAP was established by the Basel Committee in 2011 which aims to ensure that each member jurisdiction adopts the Basel 2 . Framework in a manner consistent with the Framework’s letter and spirit. According to the latest assessment conducted by the RCAP India's large exposures regulations are not in Compliance with the Basel framework. Which of the above statements is/are correct? - Study24x7
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Consider the following statements about the Regulatory Consistency Assessment Programme (RCAP): 1. RCAP was established by the Basel Committee in 2011 which aims to ensure that each member jurisdiction adopts the Basel 2 . Framework in a manner consistent with the Framework...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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