Monthly op risk losses: Aequitas faces $192m loan settlement
Breakdown of top five loss events, plus ECB’s Ireland fine and mortgage losses in Spain. Data by ORX News
Publicly reported operational risk losses in August 2017 totalled $983 million – slightly higher than July, but still relatively low compared with other months of the year, as well as the same period a year ago, according to ORX News, provider of publicly reported loss information.
The largest loss is a $192 million settlement proposed by the US Consumer Financial Protection Bureau in a complaint against private equity firm Aequitas Capital Management. The complaint alleged Aequitas purchased
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