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
Amended: January 2011
October 07