Op risk data: Firm-wide control fails cost Citi $400m; CRO exits
Also: Deutsche draws fire and AML fine over Danske trades. Data by ORX News
Jump to In focus: US hawks eye firm-wide risk as banks fall foul of rules | Spotlight: Deutsche lands AML fine for Danske deals
In October’s largest loss, Citi was fined $400 million by the US Office of the Comptroller of the Currency over deficiencies in enterprise-wide risk management, compliance risk management, data governance and internal controls.
The OCC found that, over several years, Citi
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