A Study On The Factors Affecting The Risk Management Level Of Electronic Banking

With the rapid development of Internet technology,electronic banking plays an increasingly important role in daily life.Electronic banking provides customers with24 hours service per day characterized by convenience,high efficiency and low cost,and it also brings a lot of risks that can not be ignored.The fact that all kinds of electronic banking risk happened frequently brings the electronic banking risk management a wake-up call.The traditional risk management methods used before are not sufficient to deal with the Banking risks,and the new features of electronic banking risks brought challenges to the banks and regulators.Therefore,it is necessary to further the study of the risk management of electronic banking to deepen the theoretical research,as well as to improve the risk management of commercial banks.This paper divides the risk management level of e-banking into three dimensions:the level of risk assessment,the level of risk management and the level of risk monitoring.The division is based on a large amount of research on risk management of electronic banking and deeply analysis to the document “Electronic Banking and Electronic Money Trading Risk Management” promulgated by Basel Committee.Through systematic analysis of the document “Principles of Risk Management for Electronic Banking” promulgated by Basel Committee,this paper identifies the influence factors of risk management and studies the action mechanism of these factors.Then,this paper constructs a model of the electronic banking risk management and puts forward a few corresponding hypothesis based on the action mechanism.In the model,independent variables are financial supervision and risk management philosophy,dependent variables are electronic banking risk assessment level,electronic banking risk control level and electronic banking risk monitoring level.Besides,the board of directors and management level of supervision,security control,legal and reputational risk management are set as intermediary variables.Research data is obtained through scale design,questionnaire development and investigation,sample collection and collation these steps.According to the survey data,the reliability and validity of the scale are tested by SPSS,AMOS and other statistical analysis software.Descriptive statistics analysis,correlation analysis and structural equation model analysis about these factors are done to verify those assumptions put forward before.Finally,the results of empirical study are explained.The research show that: firstly,the board of directors,management supervision,security control and reputation and legal risk management are the key factors that affect the level of risk management.Secondly,the external factor(financial supervision)and the internal factor(the awareness of risk management)have a significant positive impact on the key factors.Thirdly,the strength of financial supervision and awareness of risk management has played a positive role in promoting the electronic banking risk management level indirectly through the key factors.