Reaching new heights with operational risk

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ORX Membership
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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100% of our members surveyed said that ORX provides them with valuable research & insights, and 100% would recommend ORX to a non-member.

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ORX News
ORX News
Get valuable insights from publicly-reported loss events at your fingertips. Used by over 65 international firms, we collate content on operational risk loss events from various media sources around the globe.
ORX Nrews top 5 losses
ORX Scenarios
Access an extensive scenario library, scenario practice benchmark studies, and a global scenario practitioner network. In addition, get free scenario development handbooks and a risk intelligence pack.

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ORX Select

Many of our valuable research studies and services can be purchased individually without joining ORX Membership or subscribing to a service.

Free resources

From our reporting standards to our reference risk taxonomy, we have lots of free resources you can benefit from. 

How we improve the operational risk discipline

Op risk Initiative of the Year Award 2019
ORX reference taxonomy
We recently won Initiative of the Year at the Operational Risk 2019 Awards for our reference taxonomy that's helping to create a common language for the whole financial services industry.
ORX risk-managing change research report
Transforming safely
"The financial services industry is undergoing a transformation that is rapidly introducing new business models, new technology, new competitors, and, as a result, new risks." We interviewed 16 CROs with McKinsey to see how they are risk-managing change.
cyber security information risk
Cyber risk definitions
Since early 2019, we've been supporting firms with cyber and information security risk. This group has now developed the definitions which will be used throughout the programme.
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Clarity for op risk practice
ORX has developed a programme to help firms benchmark their practices in areas of the operational risk framework, including RCSA.

Browse our resources by area of operational risk

Op risk measurement & data
Day-to-day op risk management
Op risk strategic development
Material risks in focus, e.g. cyber
ORX five key elements for creating a cyber data breach scenario storyline
Five key elements for creating an op risk scenario storyline
Giuseppe Aloi
4 September 2019
Learn how to develop comprehensive scenario storylines. This blog focuses on cyber-related data breach.
Industry news
SMA implementation tracker
Luke Carrivick
8 August 2019
Find out which jurisdictions have confirmed their SMA plans and what the differences in implementation and capital impact are.
Industry news
ORX News digest of the month – August 2019
John Bosnell
5 September 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read August's featured digest here: DSK Bank fined BGN 1 million after third parties access over 33,000 customers’ data
ORX four benefits of the operational risk umbrella
Four benefits of adopting the ‘umbrella’ approach to op risk management
Luke Carrivick
27 August 2019
What are the benefits of implementing 'umbrella' approach to operational risk management? Our study identified four main benefits – consistency and completeness; efficiency; effectiveness and agility.
See all our news and blogs

Benefits of ORX Membership

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Global loss data service
Join the only global service for banking and insurance firms that exchanges high-quality data relating to operational risk losses in a completely secure and anonymised way.
ORX benefits
Pioneering research programme
We provide world-class research that supports effective op risk management and measurement within the financial services industry, as directed by our members..
ORX benefits
High quality events
ORX events are free, invitation-only opportunities to share knowledge, experience and expertise with peers across a wide range of operational risk-related topics.
ORX benefits
Benchmarking op risk practice
Understand practice in key areas of operational risk management, including a personalised benchmark report comparing your firm to your peers.
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Operational risk working groups
Be part of an ORX working group that meets regularly with fellow risk professionals to discuss a specific operational/non-financial risk topic.
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Cyber & security information risk programme
ORX is driving efforts to use our unique holistic view and expertise to enhance the active management of the most significant material risks, including cyber.