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Updated: 2006-02-07 14:29

New e-banking rules to take effect next month

中國(guó)銀監(jiān)會(huì)2月6日公布《電子銀行業(yè)務(wù)管理辦法》和《電子銀行安全評(píng)估指引》，兩項(xiàng)新規(guī)相信將有效控制電子銀行業(yè)務(wù)風(fēng)險(xiǎn)，并有助于盡快完善電子銀行業(yè)務(wù)的監(jiān)管規(guī)章體系。以上兩項(xiàng)規(guī)定均將于今年3月1日起施行。

New e-banking rules to take effect next month

Two new rules for the rising electronic banking (e-banking) business issued by China's bankingwatchdogwill take effect on March 1 this year.

The China Banking Regulatory Commission (CBRC) said in Beijing on Monday that it has just issued the management rules and the security evaluation guidance on e-banking business in line with international regulations.

A spokesman with the CBRC said the two new rules will affect the e-banking business operated by all Chinese banks and all kinds of financial companies set up in China.

The management rules on e-banking businessare divided into 99 items under nine chapters, covering procedures for application, risk management, out-sourcing business, transnational business and the relevant legal obligations.

The security evaluation guidance on e-bankingis divided into 57 items under five chapters, which are focused on specific security evaluation activities.

The spokesman said the two new rules on e-banking in China will help enforce government supervision over the e-banking market and improve the service of the banking sector to meet the rising demand from consumers.

(Xinhua)

Vocabulary:

watchdog：One who serves as a guardian or protector against waste, loss, or illegal practices（監(jiān)督者）

the management rules on e-banking business：（《電子銀行業(yè)務(wù)管理辦法》）

the security evaluation guidance on e-banking：《電子銀行安全評(píng)估指引》

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