The significance of e-banking and e-commerce cannot be overemphasized because of the fact that both have brought about remarkable changes in the ways people think and do their banking business today. 9. The outcome of e-banking in Pakistan will be gradual but the trends towards adoption of information technology are quite encouraging.
The Basle Committee neither ignores market participants’ comments on the Accord, nor denies that there may be potential for improvement. More specifically, the Committee is aware that the current treatment of credit risk needs to be revisited so as to modify and improve the BIS Review 17/1998  -2-  Accord, where necessary, in order to maintain its effectiveness.