Operational risk events have severely impacted the development of third-party payment (TPP) platforms, and have even led to a discussion on the operational risk capital charge settlement by relevant international regulators. However, prior studies have mostly focused on qualitative mechanism...

With the development of science and technology and economy, more and more financial intermediaries are appearing in the financial market to ensure more efficient and stable processes in the financial system. As the main part of financial intermediary, the bank plays a vital role in the whole...