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 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

We recently launched the new ORX News website. Find out more about the new site and the benefits of subscribing to ORX News – a leading provider of publicly reported operational risk loss data.


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

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.


Loss data
Annual Insurance Loss Report 2018
This is our second annual report on the ORX insurance operational risk loss database. It examines trends in operational risk loss within the insurance and reinsurance industry.
Annual Banking Loss Report 2018
This is our eighth annual report on the largest banking operational risk loss database. It summarises our database and illustrates trends in operational risk losses within the banking industry.

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 firms 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
October top 5
Industry news
Monthly Top 5 ORX News Losses – October 2018
Margo Kane
12 November 2018
Find out the five largest operational risk loss events recorded by the ORX News team in October.
Industry news
ORX News digest of the month – October 2018
Margo Kane
12 November 2018
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read October's featured digest here.
Industry news
Most viewed ORX News loss events in Q3 2018
Margo Kane
9 October 2018
Find out the ten most viewed operational risk loss events recorded by the ORX News team during the third quarter of 2018.
Loss data chart
Latest news
Annual banking loss report now published
Marina Vissaridis
17 July 2018
Every year we produce a high-level summary of our global banking operational loss database. We've just released this year's report.
See all our news and blogs

Upcoming events

13 NOV 18
Australian Forum 2018
This is our third annual, invitation-only event for Australian Heads of Operational Risk from our member banks and insurers.
29 NOV 18
African Forum 2018
This is our third annual, invitation-only event for African Heads of Operational Risk from our member banks and insurers.