Issues in Electronic Banking: An Overview

March 1, 2002

Preview Citation

Format: Chicago

Andrea Schaechter. Issues in Electronic Banking: An Overview, (USA: International Monetary Fund, 2002) accessed November 21, 2024

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.

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

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Policy Discussion Paper No. 2002/006
Stock No:

PPIEA0062002
ISBN:

9781451972177
ISSN:

1564-5193

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