BSP Rules on Banking Function Outsourcing

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BSP CIRCULAR NO. 268: BSP Rules on Banking Function Outsourcing

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Title Source: Supreme Court: BSP Rules on Banking Function Outsourcing

Law: Bsp Circular No. 268

Decision Date: Dec 5, 2000

BSP Circular No. 268 establishes regulations for banks on outsourcing banking functions, emphasizing the need for compliance with data integrity, supervisory authority, and prohibiting the outsourcing of inherent banking and management functions without prior approval from the Monetary Board.

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