Issues in Electronic Banking: An Overview

Author/Editor:

Andrea Schaechter

Publication Date:

March 1, 2002

Electronic Access:

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Disclaimer: 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.

Series:

Policy Discussion Paper No. 2002/006

Subject:

Banking Crime Exchange rate risk Financial institutions Financial regulation and supervision Money laundering Operational risk Reputational risk Securities

English

Publication Date:

March 1, 2002

ISBN/ISSN:

9781451972177/1564-5193

Stock No:

PPIEA0062002

Pages:

27

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