Op risk data: KKR crushes antitrust fine record over pre-merger filing fails
Also: Dealers pay up for Mexican bond-rigging scandal; missing AML checks at UBS. Data by ORX News
KKR took August’s largest op risk hit – and the largest ever antitrust penalty of its kind – in a $250 million fine from the US Department of Justice. The investment firm was said to have repeatedly flouted the pre-merger antitrust requirements of the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act), incurring the “historic” civil penalty, which represents more than 20 times any previous
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