Internet Banking: Law and Practice examines the legal and regulatory issues of Internet banking. Containing a critical analysis of the rules and regulations, it also assesses the practices of the banks providing internet banking services in several jurisdictions like the UK, Australia and Malaysia. For this purpose, the terms and conditions of the banks in those countries are thoroughly examined. The focus of the analysis is on the protection of consumers' data and apportionment of liability in cases of fraud and systems failure.
This work also discusses the very latest legislative developments, especially in the EU and Australia, affecting Internet banking in the UK, outlining such recently enacted law as the Distance Marketing of Consumer Financial Services Directive, Directive 2002/65/EC.
1. Introduction and Background; 2. Prudential Regulation and Supervision of Internet Banking; 3. Online Privacy and E-Commerce; 4. Data Protection and Internet Banking; 5. Legal and Regulatory Aspects of E-Money; 6. Account Aggregation: Legal and Regulatory Issues; 7. Prudential Regulation and Supervision of Internet Banking in the United Kingdom; 8. European Law Affecting Internet Banking; 9. Data Protection and Internet Banking in the United Kingdom; 10. Internet Banking in the United Kingdom: Distribution of Liability; 11. Internet Banking in Australia: Law and Practice; 12. Internet Banking in Malaysia: Law and Practice