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This paper identifies issues arising from the spread of e-finance including the readiness of telecommunications infrastructure, public policy and regulatory requirements, and financial sector development approaches.
Identifies and discusses four elements needed for a secure electronic environment of financial systems worldwide. These are (i) a legal, regulatory, and enforcement framework; (ii) external and internal monitoring of e-security practices; (iii) public-private sector cooperation: and (iv) the business case for practicing layered e-security.
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