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...
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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
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

ORX Scenarios Insights into material risks 2020 front cover
Press release
Conduct and business disruption top concerns in scenarios library
Esther Britton
18 October 2020
Our latest report on the operational risk scenarios in the ORX Scenarios library shows that conduct and business disruption are top of financial firms' agendas at the moment.
Industry news
5 largest operational risk losses: September 2020
John Bosnell
12 October 2020
Discover the 5 largest operational risk loss events recorded by the ORX News team in September 2020. This month's top 5 includes spoofing metals and US Treasury markets, a mini-bond fraud, and a class action suit over ERISA breaches.
Industry news
Bank pays USD 4.5 million to CFTC over design flaws in its audio preservation system
John Bosnell
12 October 2020
In September 2020, three Citigroup entities were ordered by the CFTC to pay $4.5m over a design flaw in their audio preservation system, which saw subpoenaed recordings deleted from the system.
Top 10 losses
Industry news
10 most popular loss events: ORX News Q3 2020
John Bosnell
12 October 2020
Find out which operational risk loss events were the most commonly read on ORX News from 1 July 2020 to 30 September 2020.
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