{
  "title": "Issues in Electronic Banking: An Overview",
  "publication": "IMF Policy Discussion Papers, March 1, 2002",
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  "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.",
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    {
      "heading": "Summary",
      "content": "- Author: Andrea Schaechter\n- Publication date: March 1, 2002\n- This paper provides an overview of issues resulting from the development of electronic banking and how they are currently being addressed by regulatory and supervisory authorities.\n- Electronic banking enables offering banking services around the world 24 hours a day.\n- The dependence on technology for providing 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."
    },
    {
      "heading": "Major issues and risks identified",
      "content": "- Dependence on technology for service delivery and security.\n- Cross-border nature of transactions creating supervisory and regulatory challenges.\n- Operational risk arising from electronic delivery channels.\n- Reputational risk linked to electronic banking failures or breaches.\n- Money laundering concerns in electronic channels.\n- Exchange rate risk associated with global electronic transactions.\n- Implications for banking regulation and banking supervision.\n- Customer relationship and customer protection challenges in e-banking contexts.\n- Emergence of virtual bank and Internet banking models versus traditional \"mortar bank\" structures."
    },
    {
      "heading": "Focus of the paper",
      "content": "- Provides an overview rather than prescriptive rules.\n- Describes how regulatory and supervisory authorities are currently addressing the identified issues.\n- Emphasizes the global nature of electronic banking and the cross-cutting policy areas: Banking, Crime, Exchange rate risk, Financial institutions, Financial regulation and supervision, Money laundering, Operational risk, Reputational risk, Securities.\n\n---\n\n Content in this bundle\n\n- Issues in Electronic Banking:  An Overview - PDP/02/6\n  - Issues in Electronic Banking:  An Overview - PDP/02/6 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Issues in Electronic Banking:  An Overview - PDP/02/6 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/imf-policy-discussion-papers/issues/2016/12/30/issues-in-electronic-banking-an-overview-15689"
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    "Authors: Andrea Schaechter",
    "Published: March 1, 2002",
    "Series: IMF Policy Discussion Papers",
    "DOI: https://doi.org/10.5089/9781451972177.003",
    "Author: Andrea Schaechter",
    "Publication date: March 1, 2002",
    "This paper provides an overview of issues resulting from the development of electronic banking and how they are currently being addressed by regulatory and supervisory authorities.",
    "Electronic banking enables offering banking services around the world 24 hours a day.",
    "The dependence on technology for providing 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.",
    "Dependence on technology for service delivery and security.",
    "Cross-border nature of transactions creating supervisory and regulatory challenges.",
    "Operational risk arising from electronic delivery channels.",
    "Reputational risk linked to electronic banking failures or breaches.",
    "Money laundering concerns in electronic channels.",
    "Exchange rate risk associated with global electronic transactions.",
    "Implications for banking regulation and banking supervision.",
    "Customer relationship and customer protection challenges in e-banking contexts.",
    "Emergence of virtual bank and Internet banking models versus traditional \"mortar bank\" structures.",
    "Provides an overview rather than prescriptive rules.",
    "Describes how regulatory and supervisory authorities are currently addressing the identified issues.",
    "Emphasizes the global nature of electronic banking and the cross-cutting policy areas: Banking, Crime, Exchange rate risk, Financial institutions, Financial regulation and supervision, Money laundering, Operational risk, Reputational risk, Securities.",
    "**Issues in Electronic Banking:  An Overview - PDP/02/6**"
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