ORX Scenarios

ORX Scenarios gives you the data, tools and standards to help identify, assess and validate scenarios. This saves you time and money, and raises the standard of scenario practice.

ORX Scenarios

Scenarios are an integral part of operational risk management. They're a key factor in measuring and managing operational risk across the financial services industry.

By providing insight and analysis on all stages of the scenario process we can help you save time and money, and raise the standard of scenario practice. Our programme offers a unique opportunity to collaborate, share ideas and discuss topical issues.

ORX Scenario programme

ORX Scenarios is a unique resource that effectively addresses practitioners’ needs of scenario identification, assessment, quantification and validation practices. You can compare your scenario portfolio and methods against your peers to ensure full coverage of the most relevant scenarios.

It helps practitioners to demonstrate to regulators the relevance of scenarios taken in consideration within their internal processes, as well as to benchmark their internal scenario analysis practices against the industry. Scenario analysis is used for regulatory capital calculation, stress testing and other operational risk management purposes.

The scenario programme is driven by its participants, who set the priorities and focus. This influences the research projects and tools we develop to help support them in their work.

How we can help you

Benefits
Forum and discussion groups
Providing networking opportunities, knowledge sharing, and discussions on relevant topics.
Benefits
Hot-topic research
Developing useful materials to support and improve your internal scenario process.
Benefits
Data sharing platform
Exchange data, tools and standards to help you throughout each stage of the scenario analysis process.
Benefits
Comparable
Compare your scenario portfolio and methods against your peers, ensuring full coverage of the most relevant scenarios.
Scenarios

The Scenario Library - benchmark against the industry

By subscribing to ORX Scenarios, you gain access to our Scenario Library. The Scenario Library is a comprehensive tool for scenario practioners – allowing participants to back test their own internal scenarios against the industry.

Every year, each participant submits their most important scenarios through our secure Insight platform. After rigourous quality assurance a database of anonymised scenarios is published with accompanying reports.

Participants currently have access to over 1,500 scenarios across different business lines, sizes and regions.

2017 research projects

Research
Scenario Quantification Practice
This project will help participants better understand current and future industry practice in terms of scenario severity and likelihood estimation.
Research
Business Scenario Indicators
This proposed project aims to provide a set of indicators to help understand which key risks could prevent them from executing strategic targets.

Toolkits

Tools
Practice Notes
Our Scenario Practice Notes document the approaches used by Members across the end-to-end scenario analysis process.
Tools
Risk Driver Workbooks
The Risk Driver workbooks identify the key risk drivers for each of the 35 ORX Scenario Categories.

Find out more

To learn more about how ORX Scenarios can help your institution, or if you would like to subscribe to the service, please get in touch.

Download the ORX Scenario brochure for more information

ORX Scenarios

Subscribe to ORX Scenarios

ORX Scenarios is open to Members and non-Members of ORX. If you'd like to find out more about the service, or how to subscribe contact the sales team.

Contact us