Issues in Electronic Banking: An Overview
March 1, 2002
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Order a Print CopyDisclaimer: This Policy Dicussion Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary
Using electronic delivery channels for banking services and products has become increasingly popular in recent years. Electronic banking makes it possible to offer banking services around the world 24 hours a day. The dependence on technology for providing the services with the necessary security, and the cross-border nature of transactions, involve additional risks for banks and new challenges for banking regulators and supervisors. This paper provides an overview of some of the issues resulting from the development of electronic banking and how they are currently being addressed by regulatory and supervisory authorities.
Subject: Banking, Crime, Exchange rate risk, Financial institutions, Financial regulation and supervision, Money laundering, Operational risk, Reputational risk, Securities
Keywords: bank, bank supervisor, banking regulation, banking supervision, customer, customer relationship, e-banking service, electronic banking, Exchange rate risk, Global, Internet banking, Money laundering, mortar bank, Operational risk, PDP, Reputational risk, Securities, virtual bank
Pages:
27
Volume:
2002
DOI:
Issue:
006
Series:
Policy Discussion Paper No. 2002/006
Stock No:
PPIEA0062002
ISBN:
9781451972177
ISSN:
1564-5193
