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

Citi

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 failed to comply with its guidelines for establishing minimum standards for the design and

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