Basel Committee: Risk Management for Electronic Banking and Electronic Money Activities
OM-1.1.6
The paper (see www.bis.org/publ) issued in March 1998 provides guidelines for supervisory authorities and banking organisations as they develop methods for identifying, assessing, managing and controlling the risks associated with
electronic banking andelectronic money .October 07OM-1.1.7
The paper indicates that, while providing new opportunities for banks,
electronic banking andelectronic money activities carry risks as well as benefits and it is important that these risks are recognised and managed in a prudent manner.October 07
