Op risk data: In fewer reg fines, US took its lumps in 2020

Also: Retro Russian embezzlement fines; Barclays slapped for lack of forbearance. Data by ORX News

Promsvyazbank
Promsvyazbank

Jump to In focus: far fewer fines, much more money | Spotlight: FCA fines Barclays for lack of forbearance

In December 2020’s largest loss, Promsvyazbank executives in Russia were alleged to have embezzled 87.2 billion rubles ($1.18 billion) from the bank back in 2017. Nor was it the only Russian bank to attract a flashback fine among December's largest losses (see also Bank Gorod).

Several of the bank’s executives conspired to transfer billions of rubles from the bank to foreign companies as

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