Top 10 operational risk losses of 2019

Fraud, embezzlement, tax evasion, subprime (still) and rogue trading – and Citi crops up twice. Data by ORX News


By operational risk standards, 2019 was a modest year. Its $17.4 billion in losses look almost cursory next to the behemoth amounts of the recent past: $42.1 billion in 2018, $28.2 billion in 2017 and the astounding $56.9 billion of 2016.

Should anything be read into this? Has the industry turned a leaf? Will a virtuous cycle see op risk losses drop to negligible amounts over the next decade?

Judging by 2019, risk managers have little reason to fear redundancy any time soon: theft, tax evasion

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: