Top 5 operational risk losses and challenges implementing risk management framework part 1

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 May 2023 and an overview of the challenges surrounding the three lines of defence model, governance, and risk culture, all stemming from the launch of ORX’s Risk Management Working Group – illustrating some of the main discussion points with relevant news stories.

You can listen through Apple Podcasts, Spotify or anywhere else you get your podcasts from (search for 'The ORX Operational Risk Podcast').

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:

• MS Amlin fined GBP 9.7 million by PRA for inadequate underwriting risk management controls
• Lloyds, HSBC, ABN Amro and 52 other lenders defrauded in GBP 282 million Arena TV scheme
• Morgan Keegan pays USD 68 million to resolve allegations it misled investors about mutual funds
• Bank of Queensland ordered to increase risk capital over AML and risk governance weaknesses

Listen to the episode for more insights

This podcast is available on Apple Podcasts, Spotify or anywhere else you get your podcasts from (search for 'The ORX Operational Risk Podcast' to find us). Don't forget to subscribe so you never miss an episode.