Supervision and Regulation of Network Banks (originally published in August 1997)

Authors

  • Aleksander Berentsen

DOI:

https://doi.org/10.5210/fm.v0i0.1511

Abstract

Public computer networks, in particular the Internet, have the potential to transform the financial services sector by providing a fast, cheap way to sell financial services. Low setup costs and the transnationality of the Internet could remove significant barriers to entry in the financial services industry. Cross-border provision of services and the high mobility of network banks could challenge the ability of national and international authorities to establish and enforce banking regulations. This paper considers the supervision and regulation of banks providing financial services on public computer networks for the mass retail market, i.e., deposit taking and lending of money on retail and small- and medium-size company markets.

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Published

2005-12-05

How to Cite

Berentsen, A. (2005). Supervision and Regulation of Network Banks (originally published in August 1997). First Monday. https://doi.org/10.5210/fm.v0i0.1511