The Electronic Banking Group of the Basel Committee on Banking Supervision, a consortium of banks from the US, Europe, and Asia, has released two new/finalized documents, "Risk Management Principles for Electronic Banking" and "Management and supervision of cross-border electronic banking activities."
The documents are offered as guidance rather than 'hard and fast' requirements that all financial institutions are expected to abide by. Specficially the documents address some of the flux that occurs when traditional risk management is applied to cross-border banking.
Both documents are well worth reading. While neither is an in-depth, how-to, cookbook, they both provide a solid foundation for understanding many of the risk issues facing the international financial community.
Posted by Diana at July 24, 2003 08:44 AM