Bank Indonesia Regulation No. 13/25/PBI/2011 on Precautionary Principle to Delegate Part of Commercial Bank Works to Third Parties (“Regulation”) has been issued to reaffirm commercial bank’s main responsibility on intermediation. It is also aimed at preventing potential risks that may occur from works that are delegated to third parties who are not commercial banks employees.
Precautionary Principle in Outsourcing Works for Commercial Banks
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