Managing risk together

ORX helps the global financial services industry measure and manage operational risk. We research, improve understanding and share knowledge to benefit our members and the wider sector.
Find out more about us

What we do


Research into operational risk management and measurement is a core part of what we do. We carry out research projects each year on a number of important themes.

ORX Loss Data

We are the only global loss sharing service for the banking and insurance sectors, providing a platform for the anonymised and secure exchange of high-quality data.

ORX News

We recently launched the new ORX News website. Find out more about the new site and the benefits of subscribing to ORX News – a leading provider of publicly reported operational risk loss data.


ORX is leading the way in setting reporting standards for operational risk. Our standards for banking and insurance are both publicly available.

ORX Scenarios

This programme gives its subscribers data, tools and standards to help them identify, assess and validate scenarios.

ORX Forums

Each year, we run a growing number of events aimed at bringing individuals together, and enabling them to collaborate and share ideas.


Developing an industry operational risk taxonomy
You can now download our reference industry operational risk taxonomy.
ORX research magnifying glass
ORX research catalogue
Our new catalogue gives you an overview of our completed projects. It details the key findings, participants, and lists other reports of interest.
March 2019
Industry news
Monthly Top 5 ORX News Losses – March 2019
John Bosnell
9 April 2019
Find out the five largest operational risk loss events recorded by the ORX News team in March 2019.
Industry news
ORX News digest of the month – March 2019
John Bosnell
9 April 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read March's featured digest here: Wells Fargo pays USD 17.4 million to investors through SEC share class initiative
Latest news
Exploring the impact of advanced analytics on op risk
Esther Britton
2 April 2019
What impact will artificial intelligence and machine learning have on operational and non-financial risk? Our new Machine Learning Working Group will explore this question.
Dollar coins icon
Latest news
Sign up to CCAR benchmark 2019
Marina Vissaridis
27 March 2019
You can now sign up to take part in the 2019 CCAR benchmark. This study provides participants with a benchmark of methodology and model outputs for their 2019 CCAR submissions.
See all our news and blogs

Interested in joining ORX?

If you think your firm could benefit from becoming part of ORX's global membership, why not find out more about how to join?

How to join ORX

Benefits of ORX Membership

ORX benefits
A global network
Join a growing community of over 2,000 operational risk experts from over 90 institutions from around the world. This vibrant and collaborative group shares experience, expertise and insights into the issues that confront all risk managers.
ORX benefits
Pioneering research
We can leverage our membership, data and industry reputation to tackle a range of research projects that no other organisation can. Our desire to deliver valuable insights into operational risk is matched by our Members' desire to see progress.
ORX benefits
Benchmark yourself
Do you want to know how good (or bad) you are? Being able to compare yourself to the over 95 firms is very useful, but being able to compare yourself directly to your specified peers is potentially a game changer.
ORX benefits
Shape the future
With our unique dataset, unparalleled Membership, pioneering research programme and regulatory contacts, ORX is helping to shape the way operational risk is being managed across the financial services industry.

Upcoming events

14 MAY 19 15 MAY 19
Insurance Forum 2019 – Europe
The ORX Insurance Forum – Europe,14-15 May 2019, an invitation-only event for insurance operational risk professionals to share experiences and knowledge.
25 JUN 19
Insurance Forum 2019 – North America
New York
The ORX North American Insurance Forum on 25 June 2019 gives attendees the chance to share experiences and discuss ideas on topics of significant interest.