Monthly Top 5 ORX News Losses – December 2018

  • 11 January 2019

1.  JPMorgan Chase & Co. – $135.2m

JPMorgan pays USD 135.2 million to settle SEC allegations it mishandled pre-released ADRs.

2.  Fortuna Bank – $79.8m

Fortuna Bank loses UAH 2.24 billion through insider loan scheme.

3.  La Poste – $56.9m

La Banque Postale fined EUR 50 million by ACPR for serious failures in CTF programme.

4.  Bank of New York Mellon – $54.2m

BNY Mellon pays USD 54.2 million to settle SEC allegations it mishandled pre-released ADRs.

5. Santander Group – $41.5m

Santander fined GBP 32.8 million by FCA for probate and bereavement process failings.

The operational risk year to date

Summary of distribution, frequency and severity of ORX News event digests.

December 2018

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ORX News top five

Each month, the ORX News team publish a round-up of the five largest operational risk loss events recorded in the ORX News database.

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