Barking bank watchdogs don’t need to bite

Op Risk Benchmarking: Regional banks add staff, layer up controls to mitigate compliance risks

This article is the fifth in our series scrutinising op risk practices at regional, domestic and other lenders – see the methodology below for more detail. The other articles in the series can be found here.

A list of the year’s biggest op risk losses to date would show a dozen or so of the world’s largest banks falling foul of their regulators, racking up hefty bills in the process. Regional and domestic banks aren’t exactly absent – Swedbank was fined the equivalent of $80 million by its