Operational risk management in financial services

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Since 2002, we have been an ever-expanding global community, sharing knowledge, expertise and experience. Become an ORX member today for access to global loss data, high-quality research, events and much more...

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If your firm is a member of ORX, or subscribes to one of other services, you can start using our operational risk resources, register for our online platforms and join our communities. Find out how you can get access and make the most of ORX.

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ORX News

Get valuable insights from publicly-reported loss events at your fingertips. Used by over 70 international firms, we collate content on operational risk loss events from various media sources around the globe.

ORX Scenarios

Join a global network of op risk scenario practitioners and get the tools, resources and knowledge needed for effective scenario identification, assessment, quantification and validation practices.

ORX Cyber

ORX Cyber is a new operational risk management service created specifically for cyber and information security risk professionals in the second line of defence.

Supporting operational risk through industry standards

ORX Reference Control Library

A first of its kind for banks and insurers, the ORX Reference Control Library helps you understand your controls and develop your own library.

Operational Risk Reference Taxonomy

Our award-winning operational risk taxonomy is available for you to download for free to help you manage operational risk.

Operational Risk Reporting Standards

Download our free, industry-recognised reporting standards to help you with operational risk event collection and to support your reporting practices.

Free to download

ORX Cyber: A Guide to Managing Cyber Risk Scenarios

Cyber risk is a crucial part of many financial organisations' operational risk scenario programmes. Download this free guide to find out how firms are managing cyber scenarios and learn more about how to overcome the related challenges.

Progressing towards optimised and active risk management

Operational risk teams are moving towards optimised and active risk management to support financial institutions through a period of digital transformation. Download the free paper from ORX to find out how our members are managing this transition

Insights into Material Risks 2022

Download this free report from ORX Scenarios to learn about the key trends in scenario practice, to see how these compare to the wider operational risk landscape and to understand how scenario portfolios might develop in the future.

Latest news, blogs & research updates

Press release

ORX Greenwashing toolkit helps financial institutions tackle ESG operational risk

Simon Johnson

1 June 2023

We have launched a greenwashing toolkit to support global banks and insurers create a greenwashing scenario

Now available to purchase

Operational Risk Horizon 2023

Part of our risk landscape work, the 2023 Operational Risk Horizon study gives you a comprehensive industry view of emerging risks. Buy the study for a holistic view of the emerging risk landscape and to understand how risks are connected.

Top Risk Review November 2022

The latest Top Risk Review report is now available. The November 2022 report provides a temperature check of operational risk profiles and up-to-date insights into the key drivers of these risks.

Benefits of ORX Membership

Exchange op risk loss data

Join the only global service for banking and insurance firms to exchange operational risk lose data securely and anonymously. Run reports on the data for analysis, modelling and benchmarking.

Access insights and resources

Take part in operational risk studies and benchmarks and access our catalogue of over 100 published reports. Members also get free access to resources such as the Reference Control Library and Reference Taxonomy.

Learn from your peers

Join our global community to learn from other operational risk managers from banks and insurance firms around the world. Take part in working groups and events to share challenges, discuss ideas and work together on solutions

Enhance risk practice

See how you compare to your peers through our benchmarks, loss data and communities. With ORX Membership you can understand common industry practice and identify areas for improvement at your firm.

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