Electronic Banking
Author: United States. General Accounting Office
Publisher:
Published: 1999
Total Pages: 68
ISBN-13:
DOWNLOAD EBOOK →Author: United States. General Accounting Office
Publisher:
Published: 1999
Total Pages: 68
ISBN-13:
DOWNLOAD EBOOK →Author: Richard J. Hillman
Publisher: DIANE Publishing
Published: 2000-04
Total Pages: 73
ISBN-13: 0788187198
DOWNLOAD EBOOK →Discusses federal oversight of depository institutions' Internet banking activities. The objectives of this report are to (1) describe the risks posed by Internet banking & the extent of any industrywide Internet banking-related problems, (2) assess the methods used by regulators to track depository institutions' plans to provide Internet banking services, (3) determine how regulators examined Internet banking activities, & (4) determine the extent to which regulators examined firms providing Internet banking support services to depository institutions.
Author: United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Domestic and International Monetary Policy
Publisher:
Published: 2000
Total Pages: 174
ISBN-13:
DOWNLOAD EBOOK →Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs
Publisher:
Published: 2000*
Total Pages:
ISBN-13:
DOWNLOAD EBOOK →Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
Published: 2018-02
Total Pages: 64
ISBN-13: 9781984927927
DOWNLOAD EBOOK →GGD-99-91 Electronic Banking: Enhancing Federal Oversight of Internet Banking Activities
Author: United States. General Accounting Office
Publisher:
Published: 1999
Total Pages: 60
ISBN-13:
DOWNLOAD EBOOK →Author: United States. General Accounting Office
Publisher:
Published: 1999
Total Pages: 60
ISBN-13:
DOWNLOAD EBOOK →Internet banking heightens traditional banking risks. GAO's review of 81 examinations found that 44 percent of the depository institutions examined had not completely implemented risk-management steps that regulators said are needed to limit on-line banking risks. Shortcomings included some institutions' lack of approval of strategic plans by their board of directors and a lack of policies and procedures at some institutions for Internet banking operations. However, too few examinations had been done at the time of GAO's review to identify the extent of any industrywide Internet banking-related problems. Regulators attributed the limited number of examinations to a diversion of examiners to deal with the Year 2000 computer problems and to the limited number of examiners with expertise in information systems. GAO found that some regulators could use more systematic methods for identifying institutions' plans for new Internet banking systems and maintaining this information centrally. GAO also found variations in the supervisory approaches the regulators followed to help ensure that institutions mitigate the risks posed by Internet banking. Finally, GAO found that the five regulators are beginning to work together to study third-party firms providing Internet banking support services. GAO summarized this report in testimony before Congress; see: Electronic Banking: Enhancing Federal Oversight of Internet Banking Activities, by Richard J. Hillman, Associate Director for Financial Institutions and Markets Issues, before the Subcommittee on Domestic and International Monetary Policy, House Committee on Banking and Financial Services. GAO/T-GGD-99-152, Aug. 3 (25 pages).