ORX buildings

Who we are

ORX is the largest operational risk association in the financial services sector. Since 2002, we’ve been developing a global community of financial institutions committed to improving the management and measurement of operational risk.

Owned and driven by our member institutions, we bring together hundreds of operational risk professionals to share their knowledge, expertise and experience of the financial services industry. We are a not-for-profit industry association incorporated in Geneva, Switzerland. 

Our vision

Our vision is a future where financial institutions are prepared and resilient, protecting the global economy and all of us from inevitable risks in our constantly evolving world. Everything we do, from our research to our loss data helps us achieve this goal.

What we do

When ORX was set up our aim was simply to 'provide a platform for the secure and anonymised exchange of high-quality operational risk loss data from around the world'. These days we’re about much more than that.

We now help our members, financial institutions and the whole operational risk industry better manage, measure and understand operational risk. We do this through research, data, and the sharing of ideas, information and experience.

Our services include a range of solutions focused on effective management and measurement of operational and non-financial risk, including an extensive research programme and events held around the world.

Find out more about ORX

Download

ORX - Helping financial institutions reach new heights in op risk management

ORX Membership map

ORX Annual Review 2019: Championing Op Risk

See how we support operational risk teams

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Membership
ORX Membership is open to any financial institution that can submit data in line with the ORX data standards.
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Loss data
The only global service for banking and insurance firms that exchanges high-quality, anonymous loss data.
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ORX News
Used by over 65 international firms, ORX News collate content on operational risk loss events from various media sources around the globe.
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ORX Scenarios
ORX Scenarios effectively supports practitioners with scenario identification, assessment, quantification and validation practices.
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Research
Our research supports effective operational risk management and measurement within the financial services industry.
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Forums and roundtables
Our forums and roundtables give operational risk professional unique opportunities to share knowledge, challenges and expertise.
We work with more than
100
financial institutions
From over
20
countries
Collaborating with over
2,000
operational risk experts