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

FCA fines UBS AG £27.6 million for transaction reporting failures

UBS AG (UBS) has been fined £27,599,400 by the Financial Conduct Authority (FCA) for failings relating to 135.8 million transaction reports between November 2007 and May 2017.

U.S. bank regulator fines Citigroup $25 million for violating fair lending rules

The U.S. Office of the Comptroller of the Currency (OCC) said on Tuesday it had fined Citigroup $25 million for violating the Fair Housing Act by denying some borrowers preferential rates on the basis of their race, color or other factors.

ING Groep woes worsen after Bank of Italy's anti-laundering checks

The Bank of Italy asked ING Groep NV to avoid any business with new clients in the country after it fell short in recent anti-money laundering checks, adding to the Dutch lender's compliance woes.

Bank of China subsidiary fined HKD 10 million by SFC

A Bank of China subsidiary was fined HKD 10 million ($1.27 million) this Monday by the Hong Kong Securities and Futures Commission (SFC).

Indian antitrust watchdog raids Glencore business, others over pulse prices

India’s antitrust watchdog raided units of global commodities trader Glencore and two other firms in Mumbai on Saturday in an inquiry into alleged collusion on the price of pulses, four sources with knowledge of the raids told Reuters.

PwC to pay $335 million over failed audits of Alabama's Colonial Bank

A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of “professional negligence,” after saying the auditor should have identified problems leading to the 2009 collapse of Alabama-based Colonial Bank.

Former graduate trainee sues UBS over rape allegation

UBS has been hit with a claim for uncapped damages by a former graduate trainee who alleges she was raped by a colleague nearly 20 years her senior before the bank mishandled the matter and failed to protect her.

SFC slaps more fines over sponsor failures – Standard Chartered, Morgan Stanley, Merrill Lynch targeted too

Shortly after announcing the disciplinary action against UBS today, the Securities and Futures Commission (SFC) has unveiled the imposition of rather heavy penalties against several other banks over sponsor failures.

UBS fined about $48 million over work on Hong Kong IPOs

UBS Group AG has agreed to pay about HK$375 million ($48 million) to settle allegations by Hong Kong’s securities regulator that it mismanaged three initial public offerings in the city, people with knowledge of the matter said.

Once voted SocGen’s woman of the year, former exec sues for $6m after firing

A veteran executive who was voted woman of the year at Societe Generale SA is suing the bank at a Paris employment tribunal after colleagues accused her of being a disrespectful control-freak and her bosses decided she was unfit for management.

Bendigo Bank network outage leaves customers under the pump

Just after 5am today, the bank told customers its ebanking services were unavailable and some branches may also be affected.

Israel's third-largest bank to pay $195 million over helping clients evade taxes

Mizrahi Tefahot Bank Ltd, Israel’s third-largest bank, admitted to helping clients evade U.S. taxes and agreed to pay $195 million, the U.S. Justice Department said on Tuesday, culminating a five-year investigation.

 
  • Issue #65
  • Issue #64
  • Issue #63
  • Issue #62
  • Issue #61
  • Issue #60
  • Issue #59
  • Issue #58
  • Issue #57
  • Issue #56
  • Issue #55
  • Issue #54
  • Issue #53
  • Issue #52
  • Issue #51
  • Issue #50
  • Issue #49
  • Issue #48
  • Issue #47
  • Issue #46
  • Issue #45
  • Issue #44
  • Issue #43
  • Issue #42
  • Issue #41
  • Issue #40
  • Issue #39
  • Issue #38
  • Issue #37
  • Issue #36
  • Issue #35
  • Issue #34
  • Issue #33
  • Issue #32
  • Issue #31
  • Issue #30
  • Issue #29
  • Issue #28
  • Issue #27
  • Issue #26
  • Issue #25
  • Issue #24
  • Issue #23
  • Issue #22
  • Issue #21
  • Issue #20
  • Issue #19
  • Issue #18
  • Issue #17
  • Issue #16
  • Issue #15
  • Issue #14
  • Issue #13
  • Issue #12
  • Issue #11
  • Issue #10
  • Issue #9
  • Issue #8
  • Issue #7
  • Issue #6
  • Issue #5
  • Issue #4
  • Issue #3
  • Issue #2
  • Issue #1