Supervision and Regulation of Network Banks

  • Aleksander Berentsen

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.
Published
1997-08-04
How to Cite
Berentsen, A. (1997). Supervision and Regulation of Network Banks. First Monday, 2(8). https://doi.org/10.5210/fm.v2i8.544