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BIS lays down e-banking guidelines

21 July 2003  |  2332 views  |  0

Two papers from the Basel Committee on Banking Supervision, laying out oversight and risk management guidelines for electronic banking activities.

The first paper - risk management principles for electronic banking - lays down 14 guidelines that focus on the oversight responsibilities of the board of directors and management, the need for appropriate security controls, and the management of legal and reputational risk associated with electronic banking activities.
The Risk Management Principles fall into three broad, and often overlapping, categories: Board and Management Oversight; Security Controls; and Legal and Reputational Risk Management.
Read the paper: Risk_management_principles_for_electronic_banking.pdf (97Kb PDF).
The second paper - management and supervison of cross-border electronic banking activities - identifies additional risk management principles specific to cross-border electronic banking activities.
Read the paper: Management_of_cross-border_ebanking.pdf (97Kb PDF).

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