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.


Operational risk horizon icon
Operational Risk Horizon
This report explores the top operational and emerging risks, categorising them into two top five lists.
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.

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
Latest news
Register for the Capital Benchmarking Study 2018
Marina Vissaridis
22 May 2018
Held annually since 2010, the ORX Capital Benchmarking Study provides a unique insight into levels of capital held by peer institutions.
Industry news
Monthly Top 5 ORX News Losses 2018
Margo Kane
6 April 2018
Find out the five largest operational risk loss events recorded by the ORX News team each month.
Industry news
ORX News digest of the month 2018
Margo Kane
6 April 2018
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read all the featured digests of 2018 so far here.
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Latest news
Updated Banking Operational Risk Reporting Standards
Esther Britton
12 April 2018
We've just updated our Banking Operational Risk Reporting Standards, outlining new reporting requirements for tax events.
See all our news and blogs

Upcoming events

14 JUN 18
Risk Taxonomy Roundtable 2018 – London
We're holding a roundtable for participants to discuss the findings of our risk taxonomies project on 14 June 2018 in London.
26 JUN 18
Insurance Forum 2018 – North America
New York
This year's North American ORX Insurance Forum will be held in New York on 26 June 2018. It's a chance for members of the ORX Global Insurance service to meet with peers and share their knowledge and experiences.