The China Banking Regulatory Commission (CBRC) has issued the E-bank Service Management Measures and the E-bank Safety Evaluation Guide and will formally put them into force on March 1, 2006.

The two documents have for the first time included the burgeoning e-banking service into the government's supervision and regulation.

Measures define e-banking and its business ranges and stipulates the conditions, requirements and procedures for financial institutions to apply for e-banking service and how to alter their service category.

The new measures also define cross-border e-banking services as well as the related requirements for those features.


Please enter your comment!
Please enter your name here