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.

RCSA practice benchmark

Do you know the best practice for RCSAs? Find out how operational risk managers in the rest of the industry are doing RCSAs.

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 news, blogs and articles

Industry news

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

John Bosnell

22 May 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.

Industry news

5 largest operational risk losses: April 2020

John Bosnell

15 May 2020

Discover the 5 largest operational risk loss events recorded by the ORX News team in April 2020. This month's top 5 includes a failure to offer loan modifications, a money laundering scheme, and unregistered trading of securities.

Press release

ORX creates industry’s first cyber risk controls and indicators library

Esther Britton

14 May 2020

We're delighted to announce that ORX has launched our new controls and indicators library for cyber and information security risk management. Find out how the library will improve cyber risk management in the financial sector.

Research

Operational risk & coronavirus: how are firms responding?

Luke Carrivick

21 May 2020

We're continually working with the financial organisations that are members of ORX to see how they are responding to coronavirus (Covid-19) from an operational risk management perspective. Here's what they telling us...

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