Coronavirus icon

How ORX is supporting the operational risk community

As we're sure you're aware, the vast majority of financial organisations have now been impacted in some way by coronavirus (COVID-19). At ORX, we've been busy working on what we can do to support operational risk teams around the world through this situation.

As well as the wellbeing of our employees and community, our main priority at this time is to continue projects that will be of most value to support operational risk professionals. To this end, we have already pivoted a lot of the activities we do that are included as part of our ORX Membership, ORX Scenarios and ORX News services to be coronavirus-specific. For example:

  • Our members have been invited to weekly calls to discuss the outbreak and share ideas
  • The ORX Scenarios team are working on a pandemic scenario handbook
  • The ORX News team are producing a special coronavirus round-up (see below)
  • Our working groups are focused on coronavirus-specific topics, such as how to capture it as an event in our global loss database

In addition, below are some free resources we’ve already implemented to support the wider operational risk community. We will keep this page updated with more helpful content as the situation continues.

Free content from ORX to support with Coronavirus

Industry news
Impact of coronavirus on operational risk: News round up
John Bosnell
31 March 2020
What impact is coronavirus (COVID-19) having on operational risk management? ORX is providing a regular round-up of the op risk impacts of Coronavirus on financial firms worldwide.
Operational risk & coronavirus: how are firms responding?
Luke Carrivick
31 March 2020
We're continually working with the financial organisations that are members of ORX to see how they are responding to coronavirus (COVID-19) from an operational risk management perspective. Here's what they telling us...
Observations on the impact of coronavirus on op risk management
Luke Carrivick
20 March 2020
Luke Carrivick, Head of Research & Information at ORX, shares his observations on the impact coronavirus has had on operational risk management in financial services so far.
Industry news
Bank evacuated after employee coronavirus case
John Bosnell
16 March 2020
Operational risk loss story of the month from ORX News: In February 2020, DBS Bank announced that it had evacuated employees from an office in Singapore after an employee was confirmed to be infected with coronavirus (COVID-19).