Practice question
Explain the connection between financial-consumer data privacy, confidence and system stability under RA11765 Section2. Relate that connection to the protective purpose of deposit secrecy without suggesting that privacy guarantees the financial success of every bank.
Legal references
- RA11765 Financial Products and Services Consumer Protection Act: https://lawphil.net/statutes/repacts/ra2022/ra_11765_2022.html Section2.
- RA1405: https://lawphil.net/statutes/repacts/ra1955/ra_1405_1955.html Section1.
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