Abstract
Bank supervisors around the world are primarily interested in safeguarding the financial sector’s viability. Bank supervisors share the common objective of seeking to promote sound supervisory standards, as weaknesses in the banking system of a country can severely threaten financial stability and thereby the economy as a whole. This task is nowadays much more complex than in former times due to dramatic structural changes that have been taking place in the financial sector over the last few decades (e.g. globalisation and liberalisation of financial markets, consolidation and increasing competitive pressure, the introduction of the euro, and changes in customer behaviour). One of the major driving forces — some experts say the most important — of these structural adjustments is the technical progress in information and communications technology (ICT) and especially the introduction of the Internet into the banking business.
The views expressed in this text are those of the author alone, and do not necessarily reflect those of the Deutsche Bundesbank or its banking supervision division.
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Heid, M. (2002). Electronic Banking and Prudential Supervision. In: Audretsch, D.B., Welfens, P.J.J. (eds) The New Economy and Economic Growth in Europe and the US. American and European Economic and Political Studies. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-24826-2_12
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DOI: https://doi.org/10.1007/978-3-540-24826-2_12
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