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.

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.

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.

Explore our main activities

rosette
Membership
ORX membership is open to any financial institution that can submit data in line with the ORX data standards.
rosette
Loss data
The only global service for banking and insurance firms that exchanges high-quality, anonymous loss data.
rosette
ORX News
Used by over 65 international firms, ORX News collate content on operational risk loss events from various media sources around the globe.
rosette
ORX Scenarios
ORX Scenarios effectively supports practitioners with scenario identification, assessment, quantification and validation practices.
rosette
Research
Our research supports effective operational risk management and measurement within the financial services industry.
rosette
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
Group of people icon

How we're governed

ORX is a not-for-profit industry association in the financial services sector, incorporated in Geneva, Switzerland. The association is owned and run by its members and our Articles of Association are central to the commitments made and expected of every member.

We have a Board of Directors who are the principal decision-making body of ORX. The board is made up of 11 directors who are appointed for a two-year term. Nine of the directors come from our member firms, while the remaining two are independent External Directors. ​The Board is supported by a Managing Board and the ORX staff - also known as the ORX Secretariat.

Download our current membership map

ORX membership map