Banks Must Adapt To Managing E-Banking Risks
WASHINGTON -- Existing risk management principles must be adapted -- and in some cases expanded -- by the world’s banking industry to cope with the challenges posed by electronic banking.
That’s the conclusion of a report on e-banking by regulators on the Basle Committee of banking supervisors from the Group of 10 leading economies, the body that in effect regulates international banks.
E-banking doesn’t create any inherently new risks, the report says. But it does increase and modify some
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