ORX Membership: Powering effective operational risk management

Benefits of ORX Membership

Join ORX

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...
Did you know...?
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 70 international firms, we collate content on operational risk loss events from various media sources around the globe.
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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.

New operational risk loss reports published

Banking Operational Risk Loss Report

Read trends and analysis on the operational risk loss events in our global banking database.

Insurance Operational Risk Loss Report

Read trends and analysis on the operational risk loss events in our global banking database.

Latest articles, blogs & research

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Industry news
BCBS releases consultation on operational resilience & PSMOR
Luke Carrivick
7 August 2020
Find out what's in the BCBS operational resilience consultation and their recent update to the principles for the sound management of operational risk.
Industry news
Impact of coronavirus on operational risk: ORX News round-up
John Bosnell
4 August 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.
Latest news
How coronavirus has impacted operational risk profiles and how firms are responding
Esther Britton
30 July 2020
Read this interview with one of the ORX researchers to learn more about how the pandemic is changing operational risk profiles, what the industry is doing in response and what could be the long-term effects.
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Blog
The invisible co-worker
27 July 2020
Read this thought piece from Mark Cooke, former Chair of ORX on the impact of coronavirus on operational risk and how the workplace will change in response.
See all our news and blogs

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

How we improve the operational risk discipline

Cyber risk
Since early 2019, we've been supporting firms with cyber and information security risk. This group has now finished work on definitions and roles and responsibilities.
ORX reference taxonomy
We've just published the new version of our award-winning reference taxonomy for operational and non-financial risk, which explores level 1 and 2 risks.
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.

Featured

Operational Risk Horizon 2020
Download the ORX Operational Risk Horizon 2020 report to find out the top operational and non-financial risks for 2020 and beyond.
Capturing op risk losses due to coronavirus
Read our guidance on capturing losses caused by the coronavirus pandemic, including which specific impacts to include and exclude.

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.

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