New launch: Cause & Impact Taxonomy

Find out more about the taxonomy

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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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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

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.

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. 

Latest reports from ORX

ORX News Deep Dive: Citibank loses $400m

Download the free Deep Dive from ORX News to find out why Citibank was fined USD 400 million over poor risk management, data governance and control failures.

ORX Cause & Impact Operational Risk Taxonomy

This taxonomy complements the Event Type Taxonomy and covers causes and impacts to provide even more insight.

Top Risk Review October 2020

Download the report to discover the most concerning operational risks and to understand how risk profiles are changing.

ORX Scenarios: Insights into material risks 2020

Discover the important trends and themes in operational risk scenario practice in this free report from ORX Scenarios. 

Top 5 operational risks in the ORX Scenarios library chart
Research
Top 5 operational risk scenarios of 2020
Giuseppe Aloi
10 November 2020
Find out which operational risks firms are most likely to be creating scenarios for in 2020. Our analysis shows the top 5 are conduct, external fraud, technology, transaction processing & execution and financial crime.
Industry news
5 largest operational risk losses: October 2020
John Bosnell
10 November 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in October 2020. This month's top 5 includes fines over poor risk management, a fine over unsafe data practices and due diligence, and a fine over mismanagement of funds.
Industry news
Impact of coronavirus on operational risk: ORX News round-up
John Bosnell
2 November 2020
ORX News is providing a regular round-up of the operational risk impacts of coronavirus on financial firms worldwide, including its impact on operations and what actions firms are taking to help clients.
Abstract digital globe
Press release
Top 5 operational risks in October 2020
Esther Britton
6 November 2020
The latest operational risk review from ORX found that information security (including cyber) risk once again topped the list of the most concerning operational risk facing financial firms today. Find out the rest of the top 5.
See all our news and blogs

How we improve the operational risk discipline

Operational risk reference taxonomy
Our award-winning operational risk taxonomy is available for you to download for free.
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.
Operational risk research
Our aim is to push understanding of operational risk practice, theory and strategy forward. To help us do this, we carry out research on the most important issues facing the industry today.
Operational risk loss data
We provide high-quality operational risk loss data and confidential data sharing to the financial industry. We cover the banking, insurance and asset management sectors.

Free coronavirus resources

Since the start of the pandemic, we've been working to provide resources, guidance and research to support operational risk through the crisis.

Coronavirus resources

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.
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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.
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Focused op risk 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.
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Benchmarking your 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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Join a community of 100+ firms
Become part of a global group of financial firms working together to improve and advance the management and measurement of operational risk.

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