OpsRisk Excellence provides (external) risk event and loss database for better operational risk management. The source of data are newspapers, websites and academic materials. These are compiled by a team of Senior Operational Risk Officers and members of the outfit.
In reading these events, ask – “what are the control breakdowns? how can I prevent these in my institution? what are the lessons learnt? “
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| Date | Risk Event Title | Description | Control Breakdown | Source |
| July 2017 | Metrobank exec Charged with Bank Internal Fraud | Fake Loan disbursments using the Bank's Long- time client. | Maker-Checker, Employee Rotation, Know-your-employee | http://www.bworldonline.com/content.php?section=TopStory&title=bsp-looking-into-metrobank-internal-fraud&id=148628 |
| June 2017 | BPI Internal Glitch: Programmer's Error Resulted to Erroneous Balances of Customers Accounts | The glitch happened after one of the bank's top technicians entered a wrong date while trying to update a report from the internal system. The balances were updated using transactions from April 27 to May 2 instead of June 6. | Maker-Checker | http://news.abs-cbn.com/business/06/21/17/bpi-programmer-owned-up-to-glitch-reassigned-official |
| March 2017 | BDO: Accused by Cebu City Mayor of Tax Fraud | Cebu City Mayo Tomas Osmena filed a complaint of alleged tax evasion with BDO Magallanes Branch for declaring a gross annual revenue of P400K in 2016, which is even lower than the branch manager's salary. | Documentation | http://cebudailynews.inquirer.net/117944/osmena-files-tax-fraud-complaint-vs-bdo-magallanes |
| March 2016 | RCBC: Bangladesh Bank Heist | Bangladesh Bank in FED (US) was hacked. Five transactions involving US$81 Million entered into PHL via RCBC using fictitious accounts and laundered through casinos. | AML Controls Breakdown | http://www.rappler.com/business/170698-rcbc-pays-bangladesh-bank-heist-fine-money-laundering |