Top 5 operational risk losses and challenges implementing risk management framework part 2

About the episode

Listen to this episode of the ORX Operational Risk Podcast to hear the ORX News team cover the five largest operational risk losses of June 2023 and conclude the two-part series covering the challenges surrounding data quality, systems, and the use of data for risk oversight, as well as touch on the importance of sufficient levels of adequately trained staff – all stemming from the launch of ORX’s Risk Management Working Group.

Episode resources exclusively for ORX News subscribers

ORX News subscribers can read more on the stories covered in this episode via the ORX News website at:

• TSB charges and waivers of income due to account migration disruption total GBP 415.1 million
• TSB to pay GBP 20 million in compensation to customers over account access problems and alleged data breach following data migration
• City National to pay USD 31.3 million to settle lending discrimination allegations
• Bank of Queensland ordered to increase risk capital over AML and risk governance weaknesses
• StanChart fined GBP 46.6 million by PRA for liquidity position reporting failures

Listen to the episode for more insights

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