We actively facilitate a global community of financial institutions committed to improving their management of operational risk. By enabling collaboration and the sharing of ideas, information and experience, we take practical steps to help solve the big problems of operational risk as well as reinforce the value, influence and progress of the discipline.
This is what makes ORX so successful - and why the regulators and the supervisors are prepared to listen to what we have to say.
From the original 12 Members in 2002, we have continued to grow. In recent years, ORX has moved from simply loss data and banking, and now offer a service for insurers. We're also investigating options for an asset management service.
Our list of successes continues to grow as well. For many of our projects we produce a publicly available version of the report.