Any researcher in the legal aspects of the banking and
financial activities in general should talk about the activities
which banks and financial institution seek to outsource to
third party, and the risk which may arising from those
activities.
The regulatory competent authorities in the scope
of payment system cannot establish sound legal and
regulatory framework to govern the work of authorized banks
and financial institution without studying the risk may arising
from those processes and establishing guiding principles to
assess ,mange, and mitigate those risk; especially in the field
of activities of electronic money that require inherently
intervention of third parties.
