Powering operational risk management

Membership and services from ORX

Join more than 100 firms who are members of ORX

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 would recommend ORX and 99% rate the value of ORX Membership as good to excellent.

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

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.

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. 

Free to download

Banking Operational Risk Loss Data Summary 2021

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

Insurance Operational Risk Loss Data Summary 2021

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

Right time, right place

Are you ready to manage risk in an increasingly digitalised world? Download the report, Right time, right place: The drive for change in operational and non-financial risk, to find out.

Operational Risk Scenarios White Paper

What does the future hold for operational risk scenario analysis? Download the free Operational Risk Scenarios white paper from ORX Scenarios to find out.

Full reports available to buy now

Operational Risk Horizon 2021

Find out which emerging operational risks you need to be aware of and what's driving changes to the risk landscape in our annual Operational Risk Horizon report.

Three Lines of Defence Practice Benchmark

Understand how the 3LOD model is implemented at financial firms and see how your practice compares in this Practice Benchmark from ORX.

Latest news, blogs & research updates

Top 5 chart September 2021
ORX News
5 largest operational risk losses: September 2021
John Bosnell
8 October 2021
Discover the 5 largest op risk loss events recorded by the ORX News team in September 2021. This month's top 5 includes investor funds in fraudulent offering, a WestLB cum-ex tax debt, and a failure to adequately prepare trading system.
Top Risk Review survey now live
Simon Johnson
29 September 2021
ORX members can now take part in the second ORX Top Risk Review of 2021 to share their insights on how operational risk profiles are changing across the industry.
ORX Scenarios
The ORX Scenarios Library 2021
Giuseppe Aloi
28 September 2021
The ORX Scenarios library is a database of operational risk scenarios shared by subscribers to the service. Download the free library highlights for exclusive insights into the ORX Scenarios library.
Lightening storm
ORX News
ORX News Deep Dive: Colpipe pay $4.4m ransom
John Bosnell
17 September 2021
Download the free operational risk Deep Dive from ORX News to find out why Colpipe paid a ransom of $4.4m following a cyber attack that disrupted their operations.
See more op risk updates

How we improve the operational risk discipline

Operational risk reference taxonomy
Our award-winning operational risk taxonomy is available for you to download for free.
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.
Operational risk research
Our aim is to push understanding of operational risk practice, theory and strategy forward. To help us do this, we carry out research on the most important issues facing the industry today.
Operational risk loss data
We provide high-quality operational risk loss data and confidential data sharing to the financial industry. We cover the banking, insurance and asset management sectors.

ORX Membership

Become part of a global community working together to optimise operational risk management.

ORX Membership

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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Focused op risk 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.
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Benchmarking your 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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Join a community of 100+ firms
Become part of a global group of financial firms working together to improve and advance the management and measurement of operational risk.

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