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The bangko sentral shall conduct regular investigation which shall not be oftener than once a year from the last date of examination to determine whether

The bangko sentral shall conduct regular investigation which shall not be oftener than once a year from the last date of examination to determine whether an institution is conducting its business on a safe or sound basis: Provided, that the deficiencies/irregularities found by or discovered by an audit shall be immediately addressed. (Philippine Context) True or False

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