Execution issues dominate UK bank op risk losses

Execution, delivery and process management failures accounted for almost half of big UK banks' operational risk losses by value on average in 2018.

This category of failure accounted for 91% of the total value of all op risk losses at Santander UK, 58% at Barclays, 53% at Standard Chartered and 30% at Lloyds. The outlier was RBS, which reported just 1% of all op risk losses, around £12 million worth ($16 million), attributable to this risk type. HSBC did not disclose a breakdown of op risk

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