The financial operational risk management association

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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...

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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

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.

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

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.

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

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.

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

ORX Membership: Powering effective operational risk management