Operational risk management in financial services

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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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If your firm is a member of ORX, or subscribes to one of other services, you can start using our operational risk resources, register for our online platforms and join our communities. Find out how you can get access and make the most of ORX.

Take a look at our premium services

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

Join a global network of op risk scenario practitioners and get the tools, resources and knowledge needed for effective scenario identification, assessment, quantification and validation practices.

ORX Cyber

ORX Cyber is a new operational risk management service created specifically for cyber and information security risk professionals in the second line of defence.

Supporting operational risk through industry standards

ORX Reference Control Library

A first of its kind for banks and insurers, the ORX Reference Control Library helps you understand your controls and develop your own library.

Operational Risk Reference Taxonomy

Our award-winning operational risk taxonomy is available for you to download for free to help you manage operational risk.

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.

Now available

Banking Operational Risk Loss Data Report 2022

Discover trends and factors driving operational risk losses in the banking sector today.

Insurance Operational Risk Loss Data Report 2022

Discover trends and factors driving operational risk losses in the insurance sector today.

Latest news, blogs & research updates

Free to download

Insights into Material Risks 2022

Download this free report to learn about the key trends in scenario practice, to see how these compare to the wider operational risk landscape and to understand how scenario portfolios might develop in the future.

Climate & Operational Risk: The ORX approach

This paper sets out how we currently believe the industry is considering climate and operational risk, as well as how we will enhance our existing data and services to support members.

Benefits of ORX Membership

Exchange op risk loss data

Join the only global service for banking and insurance firms to exchange operational risk lose data securely and anonymously. Run reports on the data for analysis, modelling and benchmarking.

Access insights and resources

Take part in operational risk studies and benchmarks and access our catalogue of over 100 published reports. Members also get free access to resources such as the Reference Control Library and Reference Taxonomy.

Learn from your peers

Join our global community to learn from other operational risk managers from banks and insurance firms around the world. Take part in working groups and events to share challenges, discuss ideas and work together on solutions

Enhance risk practice

See how you compare to your peers through our benchmarks, loss data and communities. With ORX Membership you can understand common industry practice and identify areas for improvement at your firm.

Join the ORX community