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Top 5 ORX News Losses: Q4 2024

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Each month, the ORX News team publish a list of the five largest operational risk losses reported in the previous month. Read on to discover the operational risk loss events have had the most impact so far in Q4 2024.

 

October

1. Trafigura Control Holdings Pte. - $1.1 billion

Trafigura provisions USD 1.1 billion for fraud in Mongolia oil supply business

2. Traders Domain FX - $283 million

Traders Domain FX and others charged by CFTC in USD 280 million Ponzi scheme

3. Santander Group - $162.5 million

Santander pays USD 162.5 million over alleged unfairness in Santander Consumer tender

4. Banco de Sabadell - $151.4 million

TSB pays GBP 115.9 million for failures in handling customers in financial difficulty

5. JPMorgan Chase & Co. - $100 million

JPMorgan to pay USD 100 million for making misleading disclosures to private funds investors

 

 

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
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