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

BofA fined by Korea Exchange over ‘almost phantom orders’

Bank of America Corp.’s brokerage arm in South Korea was fined 175 million won ($149,000) by the nation’s stock exchange for violating market rules.

KeyCorp shares fall after the bank uncovers $90 million fraud by payrolls processor

Shares of KeyCorp fell Tuesday after the regional bank disclosed fraudulent activity that could cost the company up to $90 million.

Nomura to pay misled bond customers $25 million to settle SEC charges

The Securities and Exchange Commission today instituted two related enforcement actions against Nomura Securities International Inc., which has agreed to repay approximately $25 million to customers for its failure to adequately supervise traders in mortgage-backed securities.

ESMA fines Regis-TR S.A. €56,000 for data access failures

The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, has fined the trade repository Regis-TR S.A. €56,000, and issued a public notice, for negligently failing to provide to regulators direct and immediate access to details of derivative contracts.

ING's Belgian unit fined for money-laundering violations

The Belgian unit of ING Groep NV was fined 350,000 euros by the central bank of Belgium for violating legislation against money laundering.

BNP fined $100k for options compliance failings

US regulatory authorities fined BNP Paribas Securities $100,000 on Friday.

Deutsche Bank faces US investigation into 1MDB

The US Department of Justice is investigating whether Deutsche Bank AG broke laws during dealings with Malaysia’s 1MDB investment fund that included helping it raise $1.2 billion in 2014, the Wall Street Journal reported, citing unidentified people with knowledge of the matter.

SFC fines Celestial Commodities for mishandling client money

Celestial Commodities Limited may have been using client money to pay commission rebates for up to 20 years for the sake of operational convenience.

APRA orders A$500m capital charge for ANZ, NAB, Westpac

APRA (the Australian Prudential Regulation Authority) has asked ANZ, NAB and Westpac to increase their minimum capital requirements by AUD 500 million each to reflect higher operational risk identified in their risk governance self-assessments.

China fines UniCredit AG unit $1.5 million for embezzlement

China’s banking and insurance regulator said on Tuesday it fined an onshore branch of Italy’s UniCredit Bank AG 10.3 million yuan ($1.50 million) for embezzlement.

Marriott International hotel chain fined £99 million for exposing millions of customers’ details

The Marriott International Hotel chain will be fined £99 million after a cyber security breach that left millions of customers' details exposed.

BA fined £183m over computer theft of passenger data

British Airways has been fined more than £183 million after computer hackers stole the bank details from hundreds of thousands of passengers.

 
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