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.

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.


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Risk-managing change
With McKinsey, we interviewed 16 CROs to see how they risk-manage change.
ORX research magnifying glass
Operational risk framework design
Find out how financial organisations manage their op risk frameworks.
Op risk Initiative of the Year Award 2019
Latest news
ORX wins Initiative of the Year at the 2019 Operational Risk Awards
Marina Vissaridis
17 June 2019
We are delighted to announce that ORX has won Initiative of the Year at the 2019 Operational Risk Awards. Held on 18 June 2019 in New York, the Operational Risk Awards honour excellence in op risk management and compliance.
Industry news
Monthly Top 5 ORX News Losses – July 2019
John Bosnell
7 August 2019
Find out the five largest operational risk loss events recorded by the ORX News team in July 2019.
Industry news
ORX News digest of the month – July 2019
John Bosnell
7 August 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read July's featured digest here: Capital One expects to pay USD 150 million after hacker steals information of 106 million individuals
Presenting at the Analytics and Scenario Forum 2019
Nine highlights from our 2019 Analytics and Scenario Forum
Giuseppe Aloi
31 July 2019
More than 50 people attended our recent Analytics and Scenario Forum. Find out what they discussed.
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.