Current Affairs · Banking Regulation

With reference to the RBI regulations governing Financial Benchmark Administrators (FBAs), consider the following statements: 1. Entities administering significant financial benchmarks (such as MIBOR or Mumbai Interbank Offered Rate) must be authorized by the RBI. 2. The framework mandates an organizational structure that ensures effective operational separation and independence from data contributors. 3. Comprehensive independent external audits of the benchmark determination process are mandatory requirements under the guidelines. Which of the statements given above are correct?