The Risk Universe is a website and a monthly digital magazine that seeks to shed some much needed illumination onto the world of operational risk management.

Latest News

Two broker-dealers to pay $4.65m for providing deficient ‘blue sheet data’

Two broker-dealers must pay a combined $4.65 million in penalties for providing incomplete and inaccurate securities trading information to the Securities and Exchange Commission. Prudent compliance officers at other broker-dealer firms might want to take a page from their remedial efforts.

CFTC fines Phillip Capital over violations related to cybersecurity incident

The US Commodity Futures Trading Commission (CFTC) on Thursday issued an order settling charges against online trading company Phillip Capital Inc. (PCI). PCI is a registered futures commission merchant, and is a part of Singapore-based Phillip Capital Group.

CFTC orders interdealer broker to pay $13 million for supervisory failures and false statements

The U.S. Commodity Futures Trading Commission today issued two orders filing and settling charges against Tullett Prebon Americas Inc., an interdealer broker and CFTC-registered introducing broker headquartered in New Jersey. The combined orders require Tullett to pay a total of $13 million for failing to supervise employees and making false or misleading statements to CFTC staff.

ANZ Bank rushes to fix nationwide technical issue that could see its customers miss out on their paycheques until Monday

ANZ Bank is racing against the clock to fix a nationwide technical glitch which may see thousands of customers not access to their monthly pay until Monday.

Deutsche Bank is first to settle bond-rigging lawsuit, amid federal probe

Deutsche Bank AG will pay $15 million to resolve claims it conspired to rig prices of bonds issued by Fannie Mae and Freddie Mac, becoming the first of 16 financial services companies to settle litigation by investors.

SFC reprimands and fines HSBC $2.1 million for breaching telephone recording requirements

The Securities and Futures Commission (SFC) has reprimanded and fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) $2.1 million for non-compliance with the telephone recording requirements under the Code of Conduct.

Portugal competition watchdog fines banks over concerted practices

After a long-running investigation, Portugal's competition authority AdC said on Monday it fined 14 banks a total of 225 million euros for concerted practices of exchanging sensitive commercial information on credit products.

BNZ customers vent their frustration after internet banking outage

Internet banking on the BNZ website has been restored, but many customers have been left with a foul taste in their mouth following the outage.

BaFin imposes administrative fine against Goldman Sachs International

On 12 August 2019, BaFin imposed an administrative fine amounting to 800,000 euros against Goldman Sachs International.

HKEX chief says derivatives trading glitch caused by software bug

A derivatives trading glitch at bourse operator Hong Kong Exchanges and Clearing (HKEX) was caused by a software bug and was not due to human error, chief executive Charles Li said on Friday.

SEC and CFTC charge Options Clearing Corp. with failing to establish and maintain adequate risk management policies

The Securities and Exchange Commission and the Commodity Futures Trading Commission today announced that the Options Clearing Corporation (OCC) will undertake remedial efforts and pay $20 million in penalties to settle charges that it failed to implement policies to manage certain risks as required by U.S. laws and SEC and CFTC rules.

Revolut banking app hit by technical issues

Revolut customers were left unable to use features of their banking apps today due to technical issues.

 
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