Top 10 op risks 2015: mis-selling

Unsuitable products have cost banks billions

Now nearing the end of its fourth year, the UK's payment protection insurance (PPI) mis-selling scandal continues to roll on, costing the country's banks and insurance providers more than £300 million a month in compensation payments to their victims. It's not alone; other mis-selling cases have reached the compensation stage as well, though none are on the same scale as the unprecedented cost of PPI.

Small businesses in the UK were mis-sold interest rate hedging products which were, in most

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here