Reaching new heights with operational risk

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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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100% of our members surveyed said that ORX provides them with valuable research & insights, and 100% would recommend ORX to a non-member.

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ORX News
ORX News
Get valuable insights from publicly-reported loss events at your fingertips. Used by over 65 international firms, we collate content on operational risk loss events from various media sources around the globe.
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ORX Scenarios
Access an extensive scenario library, scenario practice benchmark studies, and a global scenario practitioner network. In addition, get free scenario development handbooks and a risk intelligence pack.

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ORX Select

Many of our valuable research studies and services can be purchased individually without joining ORX Membership or subscribing to a service.

Free resources

From our reporting standards to our reference risk taxonomy, we have lots of free resources you can benefit from. 

How we improve the operational risk discipline

ORX Reference Taxonomy 2019
ORX reference taxonomy
We've just published the new version of our award-winning reference taxonomy for operational and non-financial risk, which explores level 1 and 2 risks.
cyber security information risk
Cyber risk
Since early 2019, we've been supporting firms with cyber and information security risk. This group has now finished work on definitions and roles and responsibilities.
Machine learning in operational risk
Machine learning in operational risk
Read our white paper about how we believe that the application of advanced analytics will be a core part of any future strategy for the management of operational and non-financial risk.
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Clarity for op risk practice
ORX has developed a programme to help firms benchmark their practices in areas of the operational risk framework, including RCSA.

Browse our resources by area of operational risk

Op risk measurement & data
Day-to-day op risk management
Op risk strategic development
Material risks in focus, e.g. cyber
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Latest news
Operational risk research studies and initiatives for 2020
Luke Carrivick
8 January 2020
We’ve just launched our programme of research studies, practice benchmarks and initiatives for 2020. Find out what operational risk topics we'll be studying in 2020.
Industry news
Monthly Top 5 ORX News Losses – November 2019
John Bosnell
5 December 2019
The five largest operational risk loss events recorded by ORX News in November 2019, including Itau Unibanco being fined $903 million and Wells Fargo being fined $200 million.
Information
Three cases for machine learning in op risk
Annika Westphal
29 November 2019
Our analysis showed that there are three main areas where machine learning can be used in operational risk – fraud detection, text-mining for data augmentation and data quality assurance.
Six trends from the ORX Scenario library editorial report 2019
Information
Six trends from the ORX Scenarios library in 2019
Giuseppe Aloi
6 December 2019
Since 2017, institutions have submitted more than 1,100 operational risk scenarios to the ORX Scenarios library. Read on for the key trends and insights from the library in 2019.
See all our news and blogs

Benefits of ORX Membership

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Global loss data service
Join the only global service for banking and insurance firms that exchanges high-quality data relating to operational risk losses in a completely secure and anonymised way.
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Pioneering research programme
We provide world-class research that supports effective op risk management and measurement within the financial services industry, as directed by our members.
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High quality events
ORX events are free, invitation-only opportunities to share knowledge, experience and expertise with peers across a wide range of operational risk-related topics.
ORX benefits
Benchmarking op risk practice
Understand practice in key areas of operational risk management, including a personalised benchmark report comparing your firm to your peers.
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Operational risk working groups
Be part of an ORX working group that meets regularly with fellow risk professionals to discuss a specific operational/non-financial risk topic.
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Cyber & security information risk programme
ORX is driving efforts to use our unique holistic view and expertise to enhance the active management of the most significant material risks, including cyber.