Civil liability arising from the risks of electronic banking operations

A comparative study.

Abstract

The study deals with the appropriateness of the general rules for determining the contractual responsibility of the bank, and it concludes that the general rules can be applied to the bank's responsibility within the framework of electronic banks; the special case of electronic contracting was considered. The study also reviews the status of the contractual responsibility of the bank for the actions of others, and its responsibility for those who use them to perform work, such as the correspondent bank, as well as the contractual responsibility of the bank for the risks, in addition to the contractual responsibility of the bank for subsidiary actions.

Then the study talks about the bank's duty of care and responsibility and the most important dangers that electronic devices may be exposed to online, which may lead to the bank's responsibility.

Also, the risks of electronic banking operations are many, and from a legal point of view, there is a civil liability in the event of a breach by the contractors with the banks.