Managing risk together

ORX helps the global financial services industry measure and manage operational risk. We research, improve understanding and share knowledge to benefit our Members and the wider sector.
Find out more about us

What we do


Research into operational risk management and measurement is a core part of what we do. We carry out research projects each year on a number of important themes.


ORX is leading the way in setting reporting standards for operational risk. Our standards for banking and insurance are both publicly available.

ORX Loss Data

We are the only global loss sharing service for the banking and insurance sectors, providing a platform for the anonymised and secure exchange of high-quality data.

ORX News

ORX News is an industry-leading provider of publicly reported operational risk loss data from around the globe. 

ORX Scenarios

This programme gives its Subscribers data, tools and standards to help them identify, assess and validate scenarios.

ORX Forums

Each year, we run a growing number of events aimed at bringing individuals together, and enabling them to collaborate and share ideas.


ORX research magnifying glass
Hitting the headlines
Using data from the ORX News database, this report analyses the frequency and severity of losses in the financial services industry across 2014 and 2015.
ORX research magnifying glass
Beyond the headlines
Read the new freely available report on data from the ORX Global Banking database

Benefits of ORX Membership

ORX benefits
A global network
Join a growing community of over 2,000 operational risk experts from over 90 institutions from around the world. This vibrant and collaborative group shares experience, expertise and insights into the issues that confront all risk managers.
ORX benefits
Pioneering research
We can leverage our Membership, data and industry reputation to tackle a range of research projects that no other organisation can. Our desire to deliver valuable insights into operational risk is matched by our Members' desire to see progress.
ORX benefits
Benchmark yourself
Do you want to know how good (or bad) you are? Being able to compare yourself to the over 95 members is very useful, but being able to compare yourself directly to your specified peers is potentially a game changer.
ORX benefits
Shape the future
With our unique dataset, unparalleled Membership, pioneering research programme and regulatory contacts, ORX is helping to shape the way operational risk is being managed across the financial services industry.

Interested in joining ORX?

If you think your firm could benefit from becoming part of ORX's global Membership why not find out more about how to join?

How to join ORX
ORX News
Industry news
ORX News quarterly newsletter 2017
John Bosnell
19 May 2017
The ORX News quarterly newsletter includes features and analysis of the latest trends in publicly reported operational risk events in the financial services industry.
Industry news
ORX News digest of the month 2017
Oliver Simao
19 May 2017
The ORX News featured digest is handpicked by the ORX News team. It's a detailed look at one of the most interesting losses reported in the media that month.
Industry news
Monthly Top 5 ORX News Losses 2017
Oliver Simao
19 May 2017
The ORX News Top 5 losses records the biggest operational risk events in the financial services industry every month.
New website
Latest news
Steve Bishop presents at OECD cyber risk workshop
Esther Britton
15 May 2017
Steve Bishop, Head of Insurance and Asset Management at ORX, presented on cyber incident data capturing and sharing at the OECD workshop on improving the measurement of digital security incidents and risk management.
See all our news and blogs

Upcoming events

17 MAY 17 19 MAY 17
Scenario Forum and Analytics Meeting 2017
The Scenario Forum and Analytics Meeting is an invitation-only event that combines elements of the scenario and analytics programmes. It's an opportunity to meet peers and share experience and knowledge.
21 JUN 17
North American Insurance Forum 2017
New York
This forum is a free, private, invitation only opportunity for Heads of Operational Risk, and members of their team, to share experiences and discuss the key topics that face operational risk managers with peers from the insurance industry.