Goldman’s mortgage mis-selling fine tops 2016 op risk losses

Legal settlements with US regulators dominate the year's biggest operational risk charges

RMBS-related settlements were a prime source of op risk losses in 2016

Scroll down for full table

The rash of high-profile settlements with US authorities that dominated 2016's largest operational risk losses show an industry in the final throes of settling claims for crisis-era mis-selling that have dogged it for many years – and which, dealers hope, represent a chance to put the past behind them, as a regime change beckons.

All but two of the losses involved settlements with various branches of the US government, with the familiar spectre of residential mortgage

To continue reading...

You need to sign in to use this feature. If you don’t have a 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 indvidual account here: