2. 外语
  3. A banking organization’s management should ensure that documents governing securitizations it sponsors do not include any covena

A banking organization’s management should ensure that documents governing securitizations it sponsors do not include any covena

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问题     A banking organization’s management should ensure that documents governing securitizations it sponsors do not include any covenants related to supervisory actions or thresholds. Effective immediately, the use of covenants that provide for the early amortization of a securitization or compel the transfer of servicing as a result, directly or indirectly, of the occurrence of a supervisory action or event will, under appropriate circumstances, be criticized as an unsafe and unsound banking practice. Moreover, banking organization management is encouraged to amend, modify, or remove these covenants from existing transactions. Any impediments a banking organization may have to taking such actions should be documented and discussed immediately with its Reserve Bank.  
The word "covenant" in this passage means commercial actions.
选项 A、Right
B、Wrong
C、Doesn’t say
答案B
解析 从第一句末尾any covenants related to supervisory actions or threshold可以看出covenants指不涉及监管行为的各种条款，而非商业行为。
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