• Search
  • Menu
Coronavirus icon

Coronavirus:
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.

Because coronavirus poses such a critical challenge to operational risk, and because ORX’s mission is to support the whole of the financial sector not just our members, we’re making coronavirus-related content freely available for all. This means we’ll be regularly sharing information, reports, news updates and other resources which would usually only be available as part of ORX Membership or our premium services – ORX News and ORX Scenarios.

We took this decision with the support of our board of directors, who agreed that we should do what we can to support operational risk professionals at all financial organisations through this unique and difficult situation. Where our members and subscribers are taking part in exclusive discussion and working groups, we will share key points and takeaways with you.

Stay up to date with the latest on coronavirus from ORX

If you’d like to know when we publish new coronavirus resources and information then  sign up to our newsletter. You can also follow us on LinkedIn or Twitter.

Free coronavirus-related resources

You have been invited to take part in a poll!

coronavirus operational risk losses
Standards
Capturing operational risk impacts of coronavirus
John Bosnell
6 January 2021
Read our updated guidance on capturing the operational risk impacts due to the coronavirus pandemic, including which specific impacts to include and exclude and areas where we could make further refinements.
Read more
ORX News
Impact of coronavirus on operational risk: ORX News round-up
John Bosnell
18 December 2020
ORX News is providing a regular round-up of the operational risk impacts of coronavirus on financial firms worldwide, including its impact on operations and what actions firms are taking to help clients.
Read more
Blog
Five lessons operational risk can learn from the pandemic
Amy Lauder
18 August 2020
The world’s largest operational risk association, ORX, recently published a report on the key lessons businesses can learn from dealing with the coronavirus (Covid-19) pandemic.
Read more
Coronavirus
Latest news
How coronavirus has impacted operational risk profiles and firm's responses
Esther Britton
30 July 2020
Read this interview with one of the ORX researchers to learn more about how the pandemic is changing operational risk profiles, what the industry is doing in response and what could be the long-term effects.
Read more
Report
Coronavirus: the first lessons
Simon Wills
10 July 2020
Read our latest report, Coronavirus: the first lessons - a view from the operational risk community, to see what the industry has learnt from the pandemic, where we succeeded and what we could do better in the future.
Read more
ORX Scenarios
Scenario Development Handbook: Pandemic
11 June 2020
In response to the coronavirus outbreak, ORX Scenarios have produced a pandemic Scenario Development Handbook to provide practical guidance on preparation, assessment and governance to support your development of scenario process.
Read more
Report
Covid Risk Review
Steve Bishop
8 June 2020
Find out how coronavirus has impacted operational risk profiles. Read the results of our survey of the ORX membership on the current operational risks facing us today.
Read more
Insights
Operational risk & coronavirus: how are firms responding?
Luke Carrivick
5 June 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...
Read more
ORX Scenarios
What risk drivers and impacts should you consider for pandemic scenarios?
Giuseppe Aloi
4 May 2020
Read more highlights from ORX Scenario discussions on pandemics, including the most significant risk drivers, for example staff absence and IT infrastructure capacity, and impacts such as HR and legal costs and conduct and processing errors.
Read more
Blog
Coronavirus impact on fraud, conduct & reputation
Luke Carrivick
21 April 2020
How is coronavirus impacting fraud, conduct and reputational risk profiles? Here are some of the highlights of our conversations with senior operational risk managers at financial firms.
Read more
Blog
What impact is coronavirus having on cyber risk profiles?
Steve Bishop
20 April 2020
Find out how of coronavirus (Covid-19) is affecting a financial firm's cyber risk profile. Key impacts include an increase in cyber attacks, the vulnerabilities of working from home and third and fourth party risks.
Read more
Latest news
5 current coronavirus priorities for op risk managers
Luke Carrivick
9 April 2020
Find out what the current coronavirus priorities for operational risk managers at financial firms are, including maintaining business-critical services, deploying debt relief packages and increasing internal collaboration.
Read more
ORX Scenarios
Six top takeaways on creating pandemic scenarios
Giuseppe Aloi
7 April 2020
The ORX Scenarios team have been discussing best practice and guidance for creating pandemic scenarios with our network of practitioners. Read our key takeaways here, including ideas for creating a pandemic scenario storyline here.
Read more
Insights
Operational resilience & coronavirus: A UK perspective
Simon Johnson
7 August 2020
Read the key discussion points from our discussions with ORX member organisations active in the UK on the impact of coronavirus on operational resilience in financial institutions.
Read more
ORX News
Bank sends coronavirus grant applications to wrong users
John Bosnell
6 April 2020
On 28 March 2020, it was reported that Investitionsbank Berlin (IBB) had accidentally given small businesses and the self-employed access to other users’ applications for coronavirus grant funding due to a programming error.
Read more
ORX News
DKB's websites & app unavailable due to high demand
John Bosnell
6 April 2020
On 24 March 2020, it was reported that Deutsche Kreditbank’s (DKB) home page, online brokerage website and mobile banking app were unavailable.
Read more
Blog
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.
Read more