Operational Risk
Year Loss $ Institution Cause of Loss
1991 10 B BCCI Money laundering, fraud deposit, loan
1995 1.38
B
Barings Rogue trading in derivatives, fraud
1998 4.4 B LTCM Derivatives trading strategy
2006 7.2 B Socit
Gnrale
Fine for rogue trading, fraud
2008 2.68
B
Lehman Repo transactions, off-balance sheet
2009 780 M UBS Fine for tax evasion & securities law breach
2012 451 M Barclays Fine for manipulation of LIBOR
2015 8.9 B BNP Paribas Fine for sanctions breach Cuba, Iran, Sudan
2018 575 M Equifax Fine for data breach 150 million people
2018 3 B Wells Fargo Fine for fraud millions of fake accounts
2020 920 M JP Morgan Fine for manipulation metal futures
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