The Central Bank has released draft Guidelines for Electronic Banking Activities of its licensees, seeking industry consultation.

The Regulator says these Guidelines:

• set out its approach to the supervision of licensees’ e-banking services

• provide licensees with guidance on general principles for risk management of e-banking

• outline suggestions for consumer education and security, and

• introduce the types of internet financial services.

The Central Bank’s Policy Unit is inviting industry comments or questions by 6th June, 2005.