Op risk data: losses focus attention on bank resilience

Also: StanChart’s control fail fines, plus trio of losses in Russia. Data by ORX News


The largest publicly reported loss of February is £102.2 million ($133.3 million) in provisions that UK bank Standard Chartered has set aside in response to a decision notice issued by the UK Financial Conduct Authority. The regulator’s penalty relates to the effectiveness of financial crime controls in Standard Chartered’s London branch between 2009 and 2014, and the bank accepted that weaknesses existed in some of its processes during this time.

The fine is part of a related $900 million

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Digging deeper into deep hedging

Dynamic techniques and gen-AI simulated data can push the limits of deep hedging even further, as derivatives guru John Hull and colleagues explain

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