The Agency specifically urges the licensees to use the 'Fourteen Risk Management Principles and Sound Practices' set out in the Basel's Committee paper stated in paragraph OM-3.1.2(b) above, as guidelines, in order to recognise, address and manage risks associated with e-banking in a prudent manner. The paper stated in paragraph OM-3.1.2(a) above, should be used as guidance for best practice in this area.