FED - Federal Reserve
Wells Fargo fined of nearly $98 million by the Federal Reserve and the Treasury Department’s Office of Foreign Assets Control (OFAC) for "historical inadequate oversight" of sanctions compliance risks.
Published on Mar. 30th, 2023 Published on Mar. 30th, 2023Scenario: Conduct / Breach of AML, Terrorism Financing or Sanctions Regulations
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Apr. 4th, 2023
MSTAR scenario of the month - Trading Error
This month let's explore the quantification of this scenario through a wizard and what-if simulations, plus a sneak peek at the concept of the Exposure Table. Find an in-depth explanation in our book (Operational Risk Modeling in Financial Services: The Exposure, Occurrence, Impact Method), Chapter IV, §10 "IV.10 A step towards Oprisk Metrics" .