

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
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