BSP Circular No. 488 on Bank Outsourcing

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BSP CIRCULAR NO. 488: BSP Circular No. 488 on Bank Outsourcing

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Title Source: Supreme Court: BSP Circular No. 488 on Bank Outsourcing

Law: Bsp Circular No. 488

Decision Date: Jun 21, 2005

BSP Circular No. 488 allows banks to outsource various functions, including internal audit and data management, with prior Monetary Board approval, while ensuring that banks maintain responsibility for internal controls and oversight.

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