By Ron Coates, 12 June 2001 15:03
NEWS The Financial Services Authority has set out a strategy for boosting consumer confidence in ecommerce. The financial watchdog has issued a consultation paper and called a conference for next week which between them aim to adress the problems holding ecommerce back. Christine Farnish, commercial director at the FSA, said: "It is vital that consumers are properly prepared for using online financial services, and understand what they can do to address the risks involved." Despite estimates that about one in 10 people in the UK use online banking, a recent survey found that almost half of consumers who use the internet thought that online banking is not safe. An FSA spokesman said: "One way to help consumers have more confidence is to give them ways to shop safely." The FSA has put up new pages on its website giving tips on more secure use of online services. The watchdog is hosting a conference on the implications of ecommerce for financial services next Wednesday. Its consultation document The FSA's apporoach to the regulation of ecommerce is available on fsa.gov.uk .
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