Electronic banking is a rapidly expanding and complex area. The aim of this new edition is to assist understanding of the legal issues in this area for both legislators and draftsmen. Electronic Banking has developed at a breathtaking pace and it is very important that the law keeps up with changes in the area. Specific events have made it even more essential for an updated text on this subject; the development of payment clearing since the deregulation of cross-border flows of funds, the development of capital adequacy ratios and the Euro. Electronic banking practices affect even the simplest daily transactions, a thorough understanding of the subject is therefore vital. The second edition of Cross Border Electronic Banking 2nd Edition sees substantial developments. It explains the increasingly complex emerging payment system for the information economy. The chapters on Bolero and Swift are key for the banking industry, these are very -[yen]hot-- topics that are yet to be covered by other books. The text looks at both business to business transactions and banker-customer relationships.
It also discusses the latest developments including the new EC Directive on regulating the issuing of electronic money. This directive is being adopted at the moment and has not previously been covered in any other book. European legislation will also be covered in the chapter on Distance Selling of Financial Services, another growing phenomenon. All of these issues are highly topical and are yet to be covered in other works on the subject.