Monthly Top 5 ORX News Losses – September 2019
- 3 October 2019
1. Mitsubishi Corporation, Singapore – $320.0m
Mitsubishi rogue trader loses USD 320 million through unauthorised derivatives transactions.
Business Line: BL0202 Global Markets
Event Type: EL0101 Unauthorised Activity
2. Caixa Geral de Depósitos, Portugal – $90.4m
Caixa Geral de Depósitos fined EUR 82 million by AdC for anti-competitive practice.
Business Line: BL0301 Retail Banking
Event Type: EL0402 Improper Business or Market Practices
3. Santander Group, Brazil – $67.4m
Santander ordered to pay BRL 274 million over harassment of employees.
Business Line: BL0301 Retail Banking
Event Type: EL0301 Employee Relations
4. Millennium BCP, Portugal – $66.1m
Millennium BCP fined EUR 60 million by AdC for anticompetitive practice.
Business Line: BL0301 Retail Banking
Event Type: EL0402 Improper Business or Market Practices
5. Santander Group, Portugal – $38.6m
Santander fined EUR 35 million by AdC for anticompetitive practice.
Business Line: BL0301 Retail Banking
Event Type: EL0402 Improper Business or Market Practices
The operational risk year to date
Summary of distribution, frequency and severity of ORX News event digests.
