Just as banks paid out billions in settlements over LIBOR manipulation, they also paid billions in fines

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Just as banks paid out billions in settlements over LIBOR manipulation, they also paid billions in fines to the Department of Justice for creating and selling toxic mortgage-

backed securities. Describe the sources of operational risks that can lead to mortgage fraud, negligent underwriting standards, and failed due diligence linked to the securitization process.

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Financial Institutions Management A Risk Management Approach

ISBN: 9781266138225

11th International Edition

Authors: Anthony Saunders, Marcia Millon Cornett, Otgo Erhemjamts

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