Each month, the ORX News team publish a list of the five largest operational risk losses reported in the previous month by industry and region. The top five provides a snapshot of the stories in the ORX News database.
ORX News is the industry’s leading source of publicly-reported operational and non-financial risk loss events. Subscribers get full access to the summaries of the losses mentioned below. Each summary provides an overview of the loss and is categorised by over 50 dimensions including:
- Sector, country and region
- Business line and event type level 1 and 2
- ORX Reference Taxonomy standard level 1 and 2
Read on to discover the top operational risk loss events that have had the most impact based on loss amount, followed by the largest loss for insurance, and the largest losses by region.
Five largest operational risk losses in June 2026
1. Pentwater Capital Management – $650 million
Pentwater Capital agrees to pay Avis USD 650 million following short squeeze (ORX News subscribers log in to read the full summary)
2. Banca Transilvania – $210.4 million
Banca Transilvania fined RON 957.8 million over ROBOR manipulation claims (ORX News subscribers log in to read the full summary)
3. Banca Comercială Română – $126.8 million
Banca Comercială Română fined RON 577.4 million over ROBOR manipulation claims (ORX News subscribers log in to read the full summary)
4. Western Asset Management Company – $100 million
Western Asset Management fined USD 100 million by SEC over CIO cherry-picking scheme (ORX News subscribers log in to read the full summary)
5. Raiffeisen Bank Romania – $97.2 million
Raiffeisen Bank Romania fined RON 442.5 million over ROBOR manipulation claims (ORX News subscribers log in to read the full summary)
Largest insurance loss
Subscribers of ORX News can log into the ORX News platform to read the complete list of the top five losses from the insurance sector.
Kaiser Permanente – $82.3 million
Kaiser Permanente pays USD 82.3 million to settle lawsuit over underpaid medical claims (ORX News subscribers log in to read the full summary)
Largest losses by region
Subscribers of ORX News can log into the ORX News platform to view all top five losses by region.
North America
Pentwater Capital – $650 million
Pentwater Capital agrees to pay Avis USD 650 million following short squeeze (ORX News subscribers log in to read the full summary)
Global
Banca Transilvania – $210.4 million
Banca Transilvania fined RON 957.8 million over ROBOR manipulation claims (ORX News subscribers log in to read the full summary)
About ORX News
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