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Which financial regulators has signed a Memorandum of Understanding (MoU) with Indian Banks Association (IBA) to collaborate on capacity building for financial creditors on topics related to insolvency, bankruptcy and related subjects?
  • a)
    Securities and Exchange Board of India
  • b)
    Small Industries Development Bank of India
  • c)
    Insolvency and Bankruptcy Board of India
  • d)
    Insolvency and Bankruptcy Board of India
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which financial regulators has signed a Memorandum of Understanding (...
Insolvency and Bankruptcy Board of India, an insolvency regulator signed a Memorandum of Understanding with Indian Banks Association to collaborate on capacity building for financial creditors on topics related to insolvency, bankruptcy and related subjects.
The MoU was signed during the workshop on ‘Committee of Creditors: An Institution of Public Faith’ organised jointly by IBBI, SBI (State Bank of India) and IBA at New Delhi.
The timely resolution of insolvency cases can be undertaken by the Committee of Creditors and Resolution Professionals Resolution Professionals.
Hence, the correct option is (C).
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Which financial regulators has signed a Memorandum of Understanding (...


Insolvency and Bankruptcy Board of India (IBBI)

The correct answer is option 'C' - Insolvency and Bankruptcy Board of India (IBBI). The Insolvency and Bankruptcy Board of India is the regulator for overseeing insolvency proceedings and bankruptcy in India.

Memorandum of Understanding (MoU) with Indian Banks Association (IBA)

IBBI has signed a Memorandum of Understanding (MoU) with the Indian Banks Association (IBA) to collaborate on capacity building for financial creditors. This MoU aims to enhance the knowledge and understanding of financial creditors on topics related to insolvency, bankruptcy, and related subjects.

Collaboration on Capacity Building

Through this MoU, IBBI and IBA will work together to conduct training programs, workshops, seminars, and conferences to educate financial creditors on the insolvency and bankruptcy process. This collaboration will help financial creditors to effectively participate in insolvency proceedings and make informed decisions.

Topics Covered

The capacity-building initiatives under this MoU will cover various topics such as the insolvency and bankruptcy code, resolution processes, liquidation processes, rights and duties of stakeholders, and any other relevant subjects related to insolvency and bankruptcy.

Significance of the MoU

This collaboration between IBBI and IBA is crucial in improving the understanding and awareness of financial creditors about insolvency and bankruptcy processes. It will help in strengthening the insolvency ecosystem in India by ensuring active participation and cooperation from financial creditors in insolvency proceedings.
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Which financial regulators has signed a Memorandum of Understanding (MoU) with Indian Banks Association (IBA) to collaborate on capacity building for financial creditors on topics related to insolvency, bankruptcy and related subjects?a)Securities and Exchange Board of Indiab)Small Industries Development Bank of Indiac)Insolvency and Bankruptcy Board of Indiad)Insolvency and Bankruptcy Board of IndiaCorrect answer is option 'C'. Can you explain this answer?
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