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MainBank is a bank holding company with two subsidiaries, ElmBank and OakBank. ElmBank is an internationally active bank. OakBank is also an internationally active bank, and OakBank has an insurance subsidiary. The application of the Basel II framework in this situation should be to:
I. ElmBank on a stand alone basis. A. I and III only. B. I and II only. C. III only. D. I, II, III and IV. |