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ORX News resources:
Free operational risk news & analysis

Take a look at all the content and resources we've made freely available from ORX News, including our regular monthly top 5 operational risk losses and ORX News digests.

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These resources give you a glimpse of what's available to ORX News subscribers. ORX News is an industry-leading provider of publicly reported operational risk loss events from around the world. The ORX News database contains more than 8,500 operational risk loss events, all expertly categorised and summarised to make it easy for you to find the information you need. As well as these news stories, with ORX News you can access editorial reports, analysis and a library of Deep Dives.

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Free resources from ORX News

ORX News
5 largest operational risk losses: December 2020
John Bosnell
13 January 2021
Discover the 5 largest operational risk loss events recorded by the ORX News team in December 2020. This month's top 5 includes a fine for misleading investors on its insurance financing, a fictitious securities purchase, and deceptive mortgage practices.
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Industry news
Impact of coronavirus on operational risk: ORX News round-up
John Bosnell
18 December 2020
ORX News is providing a regular round-up of the operational risk impacts of coronavirus on financial firms worldwide, including its impact on operations and what actions firms are taking to help clients.
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Industry news
Bank ordered to repay millions in interest by FCA over timeshare loans mis-selling
John Bosnell
9 December 2020
On 4 November 2020, the Financial Times (FT) reported that Barclays had been ordered to repay millions in interest on timeshare loans that were mis-sold in Malta by its subsidiary Barclays Partner Finance (BPF).
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Industry news
5 largest operational risk losses: November 2020
John Bosnell
9 December 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in November 2020. This month's top 5 includes fines over irregular use of public funds, over inadequate internal controls in fiduciary business, and FIFA allegations.
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ORX News
ORX News Deep Dive: Citibank loses USD 400 million
John Bosnell
26 November 2020
Download the free Deep Dive from ORX News to find out why Citibank was fined USD 400 million over poor risk management, data governance and control failures.
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Industry news
Bank fined €13.5m for failing to submit SARs in time
John Bosnell
10 November 2020
In October 2020, Deutsche Bank accepted a €13.5m administrative fine for failing to submit Suspicious Activity Reports (SARs) in a timely fashion.
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Industry news
5 largest operational risk losses: October 2020
John Bosnell
10 November 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in October 2020. This month's top 5 includes fines over poor risk management, a fine over unsafe data practices and due diligence, and a fine over mismanagement of funds.
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Industry news
10 most popular loss events: ORX News Q3 2020
John Bosnell
12 October 2020
Find out which operational risk loss events were the most commonly read on ORX News from 1 July 2020 to 30 September 2020.
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Industry news
Bank pays USD 4.5 m to CFTC for flaws in audio preservation system
John Bosnell
12 October 2020
In September 2020, three Citigroup entities were ordered by the CFTC to pay $4.5m over a design flaw in their audio preservation system, which saw subpoenaed recordings deleted from the system.
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Industry news
5 largest operational risk losses: September 2020
John Bosnell
12 October 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in September 2020. This month's top 5 includes spoofing metals and US Treasury markets, a mini-bond fraud, and a class action suit over ERISA breaches.
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Industry news
Banks pay out fines for cyber-related breaches
John Bosnell
15 September 2020
This month's story combines two separate events where Bank of Ireland and Capital One were fined for cyber-related breaches.
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Industry news
5 largest operational risk losses: August 2020
John Bosnell
14 September 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in August 2020. This month's top 5 includes a clerical error, a fine over overdraft enrollment practices, and a failure to establish cyber risk management processes.
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Industry news
Australian Banks pay out for incorrectly paying employees
John Bosnell
17 August 2020
Over the course of 2019 and 2020, two of Australia’s big four banks, Westpac and Commonwealth Bank (CBA), have begun the process of repaying thousands of staff who had been underpaid as a result of systems errors at both institutions.
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Industry news
5 largest operational risk losses: July 2020
John Bosnell
10 August 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in July 2020. This month's top 5 includes a fine for compliance failures, SEC charges over retirement plans disclosure failures, and debt write-downs on pension funds.
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Industry news
10 most popular loss events: ORX News Q2 2020
John Bosnell
15 July 2020
Find out which operational risk loss events were the most commonly read on ORX News from 1 April 2020 to 30 June 2020.
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Industry news
Messaging app to pay USD 18.5 million over unregistered offering of securities
John Bosnell
10 July 2020
On 26 June 2020, the US Securities and Exchange Commission (SEC) announced that it had obtained court approval of a settlement with messaging app, Telegram, who agreed to pay a fine of USD 18.5 million over an unregistered securities offering.
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Industry news
5 largest operational risk losses: June 2020
John Bosnell
15 July 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in June 2020. This month's top 5 includes a fine for deficiencies in AML measures, misrepresenting the value of reserves, and improper fees and illegal interest rates.
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Industry news
Bank to pay USD 2.5 million to settle class action over cryptocurrency credit card fees
John Bosnell
8 June 2020
Operational risk loss story of the month from ORX News: In May 2020, JPMorgan Chase agreed to pay $2.5m to settle a class action suit over credit card fees it charged customers who bought cryptocurrency using their Chase credit card.
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Industry news
5 largest operational risk losses: May 2020
John Bosnell
8 June 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in May 2020. This month's top 5 includes a fake email scam, trade order routing misrepresentations, and misleading customers about charges for trade execution services.
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Industry news
Bank fined for miscalculating its capital need
John Bosnell
15 May 2020
Operational risk loss story of the month from ORX News: In April, the Swedish financial regulator Finansinspektionen (FI) fined insurance company Skandia Liv $3.5m for miscalculating its capital need. Read the whole story from the ORX News service.
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Industry news
5 largest operational risk losses: April 2020
John Bosnell
15 May 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in April 2020. This month's top 5 includes a failure to offer loan modifications, a money laundering scheme, and unregistered trading of securities.
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Industry news
10 most popular loss events: ORX News Q1 2020
John Bosnell
4 May 2020
Find out which operational risk loss events were the most commonly read on ORX News from 1 Jan 2020-31 Mar 2020.
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Industry news
Italian AGCM fines four banks for unfair commercial practices
John Bosnell
17 April 2020
Operational risk loss story of the month from ORX News: In March 2020, the Italian AGCM fined four banks for unfair commercial practices. Read the whole story from the ORX News service.
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Industry news
5 largest operational risk losses: March 2020
John Bosnell
7 April 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in March 2020. This month's top 5 includes a loan calculator error, contractual accounting failures and AML failures.
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Industry news
Bank evacuated after employee coronavirus case
John Bosnell
16 March 2020
Operational risk loss story of the month from ORX News: In February 2020, DBS Bank announced that it had evacuated employees from an office in Singapore after an employee was confirmed to be infected with coronavirus (COVID-19).
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Industry news
5 largest operational risk losses: February 2020
John Bosnell
11 March 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in February 2020. This month's top 5 includes three cases of loan fraud and a loss of $170m in fraudulent securities offerings.
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Industry news
Bank fined USD 17.9m for failure to buy flood insurance
John Bosnell
21 February 2020
Operational risk loss story of the month from ORX News: In January 2020, the US Office of the Comptroller of the Currency (OCC) announced that it had ordered Citibank to pay a USD 18 million (EUR 16.2 million) civil money penalty.
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Industry news
5 largest operational risk losses: January 2020
John Bosnell
18 February 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in January 2020. This month's top 5 includes two cases of loan fraud and a loss of $100m of currency reserves in alleged embezzlement.
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Industry news
10 most popular loss events: ORX News Q4 2019
John Bosnell
31 January 2020
Find out which operational risk loss events were the most commonly read on ORX News from 1 Oct 2019-31 Dec 2019.
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Industry news
ORX News digest of the month – December 2019
John Bosnell
27 January 2020
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read December's featured digest here: A US Financial Industry Regulatory Authority (FINRA) arbitration panel ordered UBS to pay $11.2m.
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Industry news
Monthly Top 5 ORX News Losses – December 2019
John Bosnell
23 January 2020
Find out the five largest operational risk loss events recorded by the ORX News team in December 2019. This month includes fines by the competition agency and a bitcoin company founder defrauding investors of USD $468 million.
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Industry news
Monthly Top 5 ORX News Losses – November 2019
John Bosnell
5 December 2019
The five largest operational risk loss events recorded by ORX News in November 2019, including Itau Unibanco being fined $903 million and Wells Fargo being fined $200 million.
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Latest news
ORX News API launched
John Bosnell
27 November 2019
We've just launched an API, meaning you can now integrate ORX News data with your own systems, making it even more valuable.
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Industry news
ORX News digest of the month – November 2019
5 December 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read November's featured digest here: JPMorgan agrees to pay USD 3.8 million class action settlement over unpaid overtime
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Industry news
Monthly Top 5 ORX News Losses – October 2019
John Bosnell
5 November 2019
Find out the five largest operational risk loss events recorded by the ORX News team in October 2019.
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Industry news
ORX News digest of the month – October 2019
John Bosnell
5 November 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read October's featured digest here: Millennium Bim fined MZN 76 million by Bank of Mozambique for AML and CTF violations
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Information
How to use ORX News to support your scenario practice
John Bosnell
29 October 2019
Did you know that you could use ORX News to support your firm’s operational risk scenario programme? Focused solely on operational risk, the ORX News service brings together publicly reported loss events from around the world.
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Industry news
Most viewed ORX News loss events in Q3 2019
John Bosnell
7 October 2019
Find out the ten most viewed operational risk loss events recorded by the ORX News team during the third quarter of 2019.
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Industry news
Monthly Top 5 ORX News Losses – September 2019
John Bosnell
3 October 2019
Find out the five largest operational risk loss events recorded by the ORX News team in September 2019.
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Industry news
ORX News digest of the month – September 2019
John Bosnell
3 October 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read September's featured digest here: ING Bank to pay customers compensation over QR code fraud via mobile banking accounts
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Industry news
Monthly Top 5 ORX News Losses – August 2019
John Bosnell
5 September 2019
Find out the five largest operational risk loss events recorded by the ORX News team in August 2019.
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Industry news
ORX News digest of the month – August 2019
John Bosnell
5 September 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read August's featured digest here: DSK Bank fined BGN 1 million after third parties access over 33,000 customers’ data
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Industry news
Monthly Top 5 ORX News Losses – July 2019
John Bosnell
7 August 2019
Find out the five largest operational risk loss events recorded by the ORX News team in July 2019.
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Industry news
ORX News digest of the month – July 2019
John Bosnell
7 August 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read July's featured digest here: Capital One expects to pay USD 150 million after hacker steals information of 106 million individuals
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Industry news
ORX News digest of the month – July 2019
John Bosnell
7 August 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read July's featured digest here: Capital One expects to pay USD 150 million after hacker steals information of 106 million individuals
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Industry news
Most viewed ORX News loss events in Q2 2019
John Bosnell
11 July 2019
Find out the ten most viewed operational risk loss events recorded by the ORX News team during the second quarter of 2019.
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Industry news
ORX News digest of the month – June 2019
John Bosnell
10 July 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read June's featured digest here: Chilean banks face outsourcing failures
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Industry news
Monthly Top 5 ORX News Losses – June 2019
John Bosnell
2 July 2019
Find out the five largest operational risk loss events recorded by the ORX News team in June 2019.
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Industry news
Monthly Top 5 ORX News Losses – May 2019
John Bosnell
6 June 2019
Find out the five largest operational risk loss events recorded by the ORX News team in May 2019.
Read more
Industry news
ORX News digest of the month – May 2019
John Bosnell
6 June 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read May's featured digest here: BoA suffers losses of USD 375,000 following cyberattack using GozNym malware
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Industry news
ORX News digest of the month – April 2019
John Bosnell
10 May 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read April's featured digest here: Zurich fined USD 5.1 million by DoJ over sale of products used for tax evasion
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Industry news
Monthly Top 5 ORX News Losses – April 2019
John Bosnell
10 May 2019
Find out the five largest operational risk loss events recorded by the ORX News team in April 2019.
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Industry news
Most viewed ORX News loss events in Q1 2019
John Bosnell
26 April 2019
Find out the ten most viewed operational risk loss events recorded by the ORX News team during the first quarter of 2019.
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Industry news
ORX News digest of the month – March 2019
John Bosnell
9 April 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read March's featured digest here: Wells Fargo pays USD 17.4 million to investors through SEC share class initiative
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Industry news
Monthly Top 5 ORX News Losses – March 2019
John Bosnell
9 April 2019
Find out the five largest operational risk loss events recorded by the ORX News team in March 2019.
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Industry news
Most viewed ORX News loss events in Q1 2019
John Bosnell
26 April 2019
Find out the ten most viewed operational risk loss events recorded by the ORX News team during the first quarter of 2019.
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Industry news
Monthly Top 5 ORX News Losses – February 2019
John Bosnell
12 March 2019
Find out the five largest operational risk loss events recorded by the ORX News team in February 2019.
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Industry news
ORX News digest of the month – February 2019
John Bosnell
13 March 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read February's featured digest here: Bank of Valletta suspends services after hackers falsify transactions to steal EUR 13 million
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ORX News
Annual Top 10 losses 2018
John Bosnell
8 February 2019
The ORX News annual review of the Top 10 largest operational risk loss events of 2018. All of the loss events covered are taken from the Top 5 largest loss event articles that are published every month.
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Industry news
Monthly Top 5 ORX News Losses – January 2019
John Bosnell
20 February 2019
Find out the five largest operational risk loss events recorded by the ORX News team in January 2019.
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Industry news
ORX News digest of the month – January 2019
John Bosnell
26 February 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read January's featured digest here: Hackers access SEC EDGAR database to steal files and execute insider trades
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Industry news
ORX News Deep Dive: British Airways data breach
John Bosnell
22 January 2019
British Airways suffers data breach compromising information on over 429,000 customer cards.
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Industry news
Monthly Top 5 ORX News Losses – December 2018
11 January 2019
Find out the five largest operational risk loss events recorded by the ORX News team in December 2018.
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Industry news
ORX News digest of the month – December 2018
11 January 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read December's featured digest here: Barclays receives USD 15 million fine for shortcomings in whistle-blower function
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Industry news
Most viewed ORX News loss events in Q4 2018
4 January 2019
Find out the ten most viewed operational risk loss events recorded by the ORX News team during the fourth quarter of 2018.
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ORX News

ORX News is an industry-leading provider of publicly reported operational risk loss events. Financial firms around the world use the service to monitor operational risk losses and understand trends.

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