OM-4.1.2
Past version: Effective from 01 Oct 2007 to 31 Dec 2010
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The Central Bank considers that the following papers represent best practice and provide guidelines for recognising, addressing and managing risk associated with this area. Banks should 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).
October 07