Abstract

In recent years, the necessity and importance of contingency plans have been stressed continuously by supranational organisations, banking supervisory authorities, audit companies and associations and even law courts. The driving forces for this development are, for example, Y2K, the increasing outsourcing of services, and the development of the Internet, including new business channels and products such as e-banking.This chapter will show how regulators, auditors and standardisation institutions are keeping pace with this development. The focus will be laid upon the regulations in Germany, Luxembourg and the United States.

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