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.

September 2019 chart

Download September's Top 5

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.

ORX News is an industry-leading provider of publicly reported operational risk loss events.

Find out more about the service