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
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.