Operational risk management in financial services

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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.

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Insights into Material Risks 2021

Discover the top 5 risk types in the ORX Scenarios Library in 2021 in the latest insights into material risks report from ORX Scenarios. Download the report for trends and analysis.

Right time, right place

Are you ready to manage risk in an increasingly digitalised world? Download the report, Right time, right place: The drive for change in operational and non-financial risk, to find out.

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Banking Operational Risk Loss Data Report 2021

Discover trends and factors driving operational risk losses in the banking sector today.

Insurance Operational Risk Loss Data Report 2021

Discover trends and factors driving operational risk losses in the insurance sector today.

Latest news, blogs & research updates

ORX News

5 largest operational risk losses: December 2021

Lily Richardson

12 January 2022

Discover the 5 largest op risk loss events recorded by the ORX News team in December 2021. This month's top 5 includes a fine by FCA for AML failures, a fine for failing to retain staff messages, and a fine for participating in FX spot trading cartel.

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.

Benefits of ORX Membership

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.

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.

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.

Benchmarking your practice

Understand practice in key areas of operational risk management, including a personalised benchmark report comparing your firm to your peers.

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.

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.

Join the ORX community

ORX Membership

Become an ORX member today for access to global loss data, research, events, an expert community and more.

ORX News

Get valuable insights from publicly-reported operational risk loss events at your fingertips.

ORX Scenarios

Access an extensive scenario library, scenario practice benchmark studies, and a global scenario community.

ORX Cyber

ORX Cyber combines data exchange with collaboration and research to provide the 2LOD with vital insights.

Enhancing risk management together

Join a community of over 100 firms who are members of ORX

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Latest news, blogs & research updates

How we improve the operational risk discipline

ORX Membership

Benefits of ORX Membership

Join the ORX community