Issues in Electronic Banking: An Overview

Andrea Schaechter

No 2002/006, IMF Policy Discussion Papers from International Monetary Fund

Abstract: 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.

Keywords: PDP; bank; electronic banking; customer; virtual bank; Internet banking; banking regulation; banking supervision; e-banking service; customer relationship; mortar bank; bank supervisor; Reputational risk; Securities; Operational risk; Money laundering; Exchange rate risk; Global (search for similar items in EconPapers)
Pages: 27
Date: 2002-03-01
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