From American Banker By TAMAR FRANKEL July 10, 2014 Many contributors helped bring about the most...
Procedures Governing Electronic Banking
(enacted in 2006)
Electronic banking (e-banking) is defined as mobile banking, internet banking and phone banking. New and increased phone banking business should be reported to regulatory authority, while mobile banking and internet banking should get permission from CBRC. Banking institutions should manage the possible risk from e-banking, show customers risk of e-banking before contracting with them, guarantee data security in case of data exchange or outsourcing business. Banks should submit annual self security assessment of e-banking to CBRC and get on-spot tests from professional security teams.
This procedure includes nine chapters;
Chapter I General Provisions
Chapter II Open and Alteration of Electronic Banking
Chapter III Risk Management
Chapter IV Management of Data Exchange and Transfer
Chapter V Management of Outsourcing
Chapter VI Cross-border Electronic Banking
Chapter VII Regulation
Chapter VIII Legal Responsibility
Chapter VIIII Supplementary Provisions