Regulatory Alerts2001-12-28
Added · Updated
Supervisory Policy Manual CG-4 and SA-2: Overseas Banking Subsidiaries and Outsourcing
The regulator issued Supervisory Policy Manual sections CG-4 and SA-2 on December 28, 2001, to establish guidelines for authorized institutions regarding the establishment of overseas banking subsidiaries and outsourcing activities. These policies address consolidated supervision, corporate governance, and internal controls, specifically focusing on insourcing and outsourcing risks. The document serves as a regulatory framework for all authorized institutions to ensure compliance with §51A and broader supervisory standards.
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