Types of operational risk loss by event, July 2008 to July 2010
The losses from July's top five op risk events doubled those of June
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The total losses for July’s top five events more than doubled those of the preceding month, due to several large settlements under the ‘Clients, products and business practices’ category. These included two settlements with the US Securities and Exchange Commission over charges of misleading investors during the 2007 subprime mortgage crisis
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