FINRA has censured HSBC Securities and fined it USD 650,000 for failing to fingerprint 2,191 individuals in background checks before their engagement by the firm in a non-registered capacity over a period of eight years.

FINRA - Financial Industry Regulatory Authority

Source

Published on Feb. 9th, 2021 Published on Feb. 9th, 2021

To read more operational risk news, register for free on MSTAR Platform.

MSTAR News

Sept. 20th, 2021

ORX Forum

ELSEWARE/MSTAR will be speaking on climate stress on operational risk at the ORX forum on September 23. In particular, we will be presenting the work we have done on this topic with the American Bankers Association and a group of banks.