The financial operational risk management association

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.

Subscribe to an ORX premium service

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.

You don't need to be a member or subscriber to benefit

ORX Select

Many of our valuable research studies and services can be purchased individually without joining ORX Membership or subscribing to a service.

Free resources

From our reporting standards to our reference risk taxonomy, we have lots of free resources you can benefit from.

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 to capture losses caused by the coronavirus pandemic, including which specific impacts to include and exclude.

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.

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

Latest articles, blogs & research

Blog

Regulators mirror banks on climate risk challenges

Simon Johnson

30 June 2020

Recent papers have shown that climate risk management challenges faced by banks are reflected in the problems faced by regulators. Read this analysis to find out more.

Industry news

Impact of coronavirus on operational risk: ORX News round-up

John Bosnell

2 July 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.

Press release

Bank ABC joins ORX as membership continues to grow during pandemic

Esther Britton

24 June 2020

We’re delighted to announce that Bank ABC, headquartered in the Kingdom of Bahrain, has joined ORX. This innovative bank is our first member from the Middle East, and we hope they will be the start of a developing ORX community in that region.

Press release

Global operational risk association announces changes to its Board of Directors

Amy Lauder

16 June 2020

ORX, the world’s largest operational risk association with a membership of over 100 financial organisations from around the world has today announced changes to its Board of Directors.

See all our news and blogs

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.

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.

Benchmarking op risk 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.

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.

News, updates and resources to help op risk managers with coronavirus