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.


The future of operational risk
We aimed to identify the strategic challenges that financial firms must address if they are to manage operational risk more effectively.
Loss data
Beyond the headlines: Banking
Our seventh annual report on our banking loss data summarises our database and illustrates trends in operational risk losses.

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.

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
Top 10 losses
Latest news
Annual Top 10 ORX News Losses 2017
Margo Kane
21 February 2018
The ORX News annual review of the Top 10 largest operational risk loss events of 2017. All of the loss events covered are taken from the Top 5 largest loss event articles that are published every month.
Latest news
Allied Irish Bank joins ORX
Marina Vissaridis
15 February 2018
The Operational Riskdata eXchange Association (ORX), the world’s leading operational risk association, is pleased to announce that Allied Irish bank {Ireland} has joined the Association.
Industry news
Monthly Top 5 ORX News Losses 2018
Margo Kane
13 February 2018
Find out the five largest operational risk loss events recorded by the ORX News team each month.
Thought leadership
The death of operational risk?
Luke Carrivick
9 February 2018
Recent reports on the death of operational risk are greatly exaggerated.
See all our news and blogs

Upcoming events

15 MAY 18 16 MAY 18
HORF 2018
New York
Our 2018 Heads of Operational Risk Forum (HORF) will be held in New York on 15-16 May.
06 MAR 18 07 MAR 18
Insurance Forum 2018 – Europe
This is the fourth year that ORX has hosted an Insurance Forum, an invitation only event designed for insurance operational risk professionals to share experiences and knowledge.