European banks op risk losses dominated by business failures

- By Alessandro Aimone
- @aimoneale
- 19 Jun 2018

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Large European Union banks were dogged by operational risk losses caused by failures regarding clients, products and business practices in 2017.

These type of events – which reflect failures to honour professional obligations through negligence or accident – made up on average 38% of all operational risk loss events across a sample of eight major EU dealers.

BNP Paribas attributed 60% of operational risk losses in the period 2009–2017 to this event criterion, citing a large settlement with US

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