Op risk data: Banks slapped for lax WhatsApp oversight
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September’s highest losses mark the end of an industry-wide probe into staff misuse of personal devices and messaging apps, for which around a dozen major institutions have been censured. The US Securities and Exchange Commission and the Commodity Futures Trading Commission announced the month’s largest settlements, which amounted to $200 million per bank – comprising a $125 million fine from the SEC and $75 million from the CFTC. Goldman Sachs, Deutsche Bank, Credit Suisse, Citigroup and UBS
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