Research

Research into operational risk management and measurement is a core part of what we do.

Each year we carry out an agreed series of research projects on high-profile themes to support the management and measurement of operational risk.

ORX research magnifying glass

Our projects

The ideas for projects come from our Members, and usually crop up during working group meetings or at one of our forums. We always seek approval from our Members for our annual programme of work – without their input, our research projects would not be a success.

Not only do they suggest the topics, but our Members are involved throughout the life of project. They contribute their knowledge, experience and expertise, ensuring that each project delivers what our Members require.

Next year

Our 2017 research programme will reflect the changing nature of operational risk as it continues to evolve.

In the second half of 2016 we surveyed our Members on which research projects they would find the most relevant for the coming year. We'll be publishing our 2017 research programme in the new year. In the meantime you can download our research shortlist.

2017-2019 potential research topics

Research topics 2017-2019

Find out more about our research

The full results of our research are usually only available to project participants. However, because we want to see the advancement of the operational risk as a discipline, we always try to produce summaries and cut-down versions for our non-participating Members and non-members.

We often produce publicly available reports, too. You can find out more about some of these here.

Recent research

Research
How do banks manage model risk in 2016?
Paul Minter
28 October 2016
This Snap Survey report explores how banks define, manage and mitigate model risk.
Research
Understanding emerging risk
John Mears
28 October 2016
In 2016, we began work to enhance industry understanding of how emerging risks are defined, identified and assessed and the structures in place to support this activity.
Research
Beyond the headlines
Paul Minter
28 October 2016
Beyond the headlines is our sixth annual report on our banking operational risk loss data. It summarises our loss database and illustrates trends in operational risk losses.
Research
Hitting the headlines
Annika Westphal
28 October 2016
Using data from the ORX News database, this report analyses the frequency and severity of losses in the financial services industry across 2014 and 2015.
Working together

Collaborating with experts

Occasionally, we will work with industry and academic partners where there is an opportunity, and do so through an open selection process. If you are interested in being an ORX research partner then please get in touch.

These are some of the academic papers which we have supported over the years:

  • Operational Loss Scaling by Exposure Indicators: Evidence from the ORX Database (7 October 2008)
  • Observed Correlations and Dependencies Among Operational Losses in the ORX Consortium Database (27 November 2008)
  • Challenges in Measuring Operational Risk from Loss Data (9 September 2009)
A specialist
team
of researchers
Input and data from
100s
of industry experts
Learn from
dozens
of research projects