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.  
Securitization is an unsafe and unsound banking practice.

选项 A、Right
B、Wrong
C、Doesn’t say

答案B

解析 从第二句Effective immediately, the use of covenants,...be criticized as an unsafe and unsound banking practice可知是covenants(契约条款)而不是securitization(证券化)被指责为一种不安全、效果不好的举动。
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