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.
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