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  • OM-4.1 OM-4.1 Electronic Banking

    • OM-4.1.1

      This Chapter refers to Basel Committee papers that the CBB requires relevant licensees to use as guidance on electronic banking activities.

      Amended: January 2011
      October 07

    • OM-4.1.2

      The CBB considers that the following papers represent best practice and provide guidelines for recognising, addressing and managing risk associated with this area. Banks must take appropriate steps for the implementation of relevant recommendations set out therein:

      (a) 'Risk Management for Electronic Banking and Electronic Money Activities' issued in March 1998 (see OM-1.1 for further references to the paper);
      (b) 'Risk Management Principles for Electronic Banking' issued in May 2001 (see OM-1.1 for further references to the paper).
      Amended: July 2011
      Amended: January 2011
      October 07

    • OM-4.1.3

      Licensees must use the 'Risk Management Principles and Sound Practices' in the Basel Committee paper in OM-1.1 as guidelines to recognise and prudently manage risks associated with e-banking.

      October 07