Electronic Banking Services in China: New Developments and Security Protection
February 28, 2006 | BY
clpstaff &clp articlesThe range of electronic banking services provided by PRC financial institutions has widened to cater to the needs of increasingly technology-driven and sophisticated banking customers. What measures have been taken to protect the security of e-banking systems in China?
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By Philip Gilligan, Deacons Hong Kong
In response to rapid technological developments, increased demand for new forms of banking and the inherent risks associated with electronic banking (e-banking), the China Banking Regulatory Commission (CBRC) recently promulgated the Measures for the Administration of Electronic Banking Business (the Measures) and the Guidelines on E-banking Security Evaluation (the Guidelines), effective from March 1 2006.