New approach delivers stable measure of conduct risk VAR, says senior op risk quant
Top 10 operational risk losses of 2019
Fraud, embezzlement, tax evasion, subprime (still) and rogue trading – and Citi crops up twice. Data by ORX News
US clearers move to dole out losses besides default
ICC wants members to chip in on investment and custodial losses; the OCC, on the whole op risk enchilada
Op risk data: losses decline sharply in first half
Overall losses decline in frequency and severity year on year, with conduct losses accounting for most of the $8.5 billion …
Op risk data: forex rigging fines bloat bank losses
Citi, RBS, JP hit for total €800m in penalties; plus Aussie bank misconduct probe. Data by ORX News