Regulators Stress Board-Level Control Of e-Banking Risks

ELECTRONIC BANKING

WASHINGTON -- New guidance for banks and their regulators around the world on managing the risks of electronic banking, or e-banking, will stress the need for strong board-level oversight of this fast-growing activity.

The guidance recommends that particular emphasis should be placed on the supervision of e-banking strategy, in-house computer systems and any outsourcing of services to third-party software and data companies.

A range of operational risks, including the hazards of the law, strategic

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