Read the following statements carefully:1.RBI has fallen short of meeting the tougher requirements set under the Basel 3 norms as per a report by Basel Committee on Bank Supervision (BCBS).2.The committee reports that RBI is yet to publish the securitization framework and rules on total loss-absorbing capacity (TLAC) requirements.3.Globally, the norms held in the banking book had come into effect on 1 January 2019.Which of the above statements is/are correct?

• A. Only 1
• B. Only 1 and 2
• C. Only 1 and 3
• D. Only 2 and 3
• E. All are correct