System Risk Unlikely To Be Major Problem In UK E-Banking

LONDON -- Computer system failures are unlikely to be a major operational risk for internet banking in the UK, says Ross Abercromby, associate analyst with credit-rating agency Moody's Investors Service.

And the cost of a systems failure to a bank is likely to be reflected more in damaged reputation than in significant financial loss, he adds. Abercromby was amplifying comments made in a report on UK banks and the internet published by Moody's in February.

Established UK banks, as well as several