Banks urged to assess risks of cross-border e-banking
BASEL, SWITZERLAND -- Global banking regulators have urged banks to assess properly the risks of embarking on cross-border electronic banking and to set up effective risk management of such business.
This is one of two principles put forward by The Basel Committee on Banking Supervision, the body that in effect regulates international banking, in an October paper on cross-border e-banking that supplements its e-banking paper of last year (see Operational Risk, May 2001, page 4). The new paper
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