Each month, the ORX News team publish a list of the five largest operational risk losses reported in the previous month. Read on to find out which operational risk loss events have had the most impact recently in Q2 2024.
April 2024
1. TD Bank - $450 million
TD Bank provisions USD 450 million for AML probe by US regulators
2. Commonwealth Financial - $93.3 million
Commonwealth Financial to pay USD 93.3 million for failing to disclose cheaper investment options
3. Zurich Insurance Group - $80.3 million
Zurich to pay USD 80.3 million over wrongful termination of three employees
4. Red Rock Secured - $66.3 million
Red Rock Secured to pay USD 66.3 million for pension fraud coin scheme
5. Senvest Management - $6.5 million
Senvest fined USD 6.5 million by SEC for widespread record-keeping failures
About ORX News
Stay on top of the latest operational risk losses with ORX News. ORX News is a leading source for information and analysis on publicly reported operational risk loss events from around the globe.
Created specifically for the financial sector, ORX News can help you:
- Identify loss trends you need to be aware of
- Provide data and information to support scenario modelling
- Enhance your internal loss data
- Raise awareness of operational risk across your organisation
