News and blogs

All the latest news from ORX.

Top 5 April 2019
Industry news
Monthly Top 5 ORX News Losses – April 2019
John Bosnell
10 May 2019
Find out the five largest operational risk loss events recorded by the ORX News team in April 2019.
Industry news
ORX News digest of the month – April 2019
John Bosnell
10 May 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read April's featured digest here: Zurich fined USD 5.1 million by DoJ over sale of products used for tax evasion
Latest news
ORX Annual report: Leading the way
Esther Britton
1 May 2019
Read our latest annual report to find out more about ORX, the value we provided in 2018, and how we'll be continuing to develop and grow in 2019.
Newspaper
Industry news
Most viewed ORX News loss events in Q1 2019
John Bosnell
26 April 2019
Find out the ten most viewed operational risk loss events recorded by the ORX News team during the first quarter of 2019.
ORX News
Industry news
ORX News digest of the month – March 2019
John Bosnell
9 April 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read March's featured digest here: Wells Fargo pays USD 17.4 million to investors through SEC share class initiative
Industry news
Monthly Top 5 ORX News Losses – March 2019
John Bosnell
9 April 2019
Find out the five largest operational risk loss events recorded by the ORX News team in March 2019.
Latest news
Exploring the impact of advanced analytics on op risk
Esther Britton
2 April 2019
What impact will artificial intelligence and machine learning have on operational and non-financial risk? Our new Machine Learning Working Group will explore this question.
Nomura
Latest news
Join ORX at OpRisk 2019
Marina Vissaridis
27 March 2019
We will be a key sponsor of this year’s OpRisk Europe event, taking place on 14 and 15 May in central London.
Latest news
Sign up to CCAR benchmark 2019
Marina Vissaridis
27 March 2019
You can now sign up to take part in the 2019 CCAR benchmark. This study provides participants with a benchmark of methodology and model outputs for their 2019 CCAR submissions.
Industry news
Digital continues to dominate the operational risk landscape
Margo Kane
4 March 2019
Digital continues to dominate the operational risk landscape
Industry news
Monthly Top 5 ORX News Losses – February 2019
John Bosnell
12 March 2019
Find out the five largest operational risk loss events recorded by the ORX News team in February 2019.
Industry news
ORX News digest of the month – February 2019
John Bosnell
13 March 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read February's featured digest here: Bank of Valletta suspends services after hackers falsify transactions to steal EUR 13 million
Latest news
2019 Insurance Forums registration open
Marina Vissaridis
25 February 2019
Registration is now open for the 2019 ORX Insurance Forums, being held on 14-15 May in Munich and 25 June in new York.
Latest news
Annual Top 10 losses 2018
John Bosnell
8 February 2019
The ORX News annual review of the Top 10 largest operational risk loss events of 2018. All of the loss events covered are taken from the Top 5 largest loss event articles that are published every month.
Industry news
Monthly Top 5 ORX News Losses – January 2019
John Bosnell
20 February 2019
Find out the five largest operational risk loss events recorded by the ORX News team in January 2019.
Industry news
ORX News digest of the month – January 2019
John Bosnell
26 February 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read January's featured digest here: Hackers access SEC EDGAR database to steal files and execute insider trades
Latest news
Groupe BPCE joins ORX
Marina Vissaridis
1 February 2019
We are pleased to announce that Groupe BPCE have joined ORX.
Latest news
ORX research programme: Q1-Q2 2019
Esther Britton
18 January 2019
We've just announced our Q1-Q2 2019 research programme, including operational risk framework design, the role and scope of operational risk, ICAAP methodology study and an RCSA practice benchmark.
Research
ORX launches cyber risk initiative
Steve Bishop
17 January 2019
We’re exploring a new proposition to help you practically advance your cyber risk management activities.
Industry news
Monthly Top 5 ORX News Losses – December 2018
Margo Kane
11 January 2019
Find out the five largest operational risk loss events recorded by the ORX News team in December 2018.
Industry news
ORX News digest of the month – December 2018
Margo Kane
11 January 2019
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read December's featured digest here: Barclays receives USD 15 million fine for shortcomings in whistle-blower function
Industry news
Monthly Top 5 ORX News Losses – August 2018
Margo Kane
6 September 2018
Find out the five largest operational risk loss events recorded by the ORX News team in August.
Industry news
Most viewed ORX News loss events in Q4 2018
Margo Kane
4 January 2019
Find out the ten most viewed operational risk loss events recorded by the ORX News team during the fourth quarter of 2018.
Industry news
ORX News digest of the month – November 2018
Margo Kane
12 December 2018
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read November's featured digest here: JPMorgan and Citibank pay $21m over SIBOR
Industry news
Monthly Top 5 ORX News Losses – November 2018
Margo Kane
12 December 2018
Find out the five largest operational risk loss events recorded by the ORX News team in November 2018.
Latest news
How our reference taxonomy can help the industry improve operational risk management
Luke Carrivick
5 December 2018
By clearly capturing relevant risks, the ORX taxonomy is intended to be a reference point for financial institutions across the globe, supporting them in their move from ‘passive’ to ‘active’ risk management.
Latest news
The ORX research catalogue is now available
Marina Vissaridis
22 November 2018
Did you know we've published nearly 50 research projects? See what ones you've missed in our new research catalogue.
Industry news
Most viewed ORX News loss events in Q3 2018
Margo Kane
9 October 2018
Find out the ten most viewed operational risk loss events recorded by the ORX News team during the third quarter of 2018.
Industry news
Monthly Top 5 ORX News Losses – October 2018
Margo Kane
12 November 2018
Find out the five largest operational risk loss events recorded by the ORX News team in October.
Industry news
ORX News digest of the month – October 2018
Margo Kane
12 November 2018
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read October's featured digest here.
Industry news
ORX News digest of the month – September 2018
Margo Kane
9 October 2018
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read September's featured digest here.
Industry news
Monthly Top 5 ORX News Losses – September 2018
Margo Kane
8 October 2018
Find out the five largest operational risk loss events recorded by the ORX News team in September.
Industry news
ORX News digest of the month – August 2018
Margo Kane
10 September 2018
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read August's featured digest here.
Industry news
Monthly Top 5 ORX News Losses – July 2018
Margo Kane
7 August 2018
Find out the five largest operational risk loss events recorded by the ORX News team in July.
Industry news
ORX News digest of the month – July 2018
Margo Kane
7 August 2018
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read July's featured digest here.
Industry news
Roland Kennett gives IFF insights on the outlook for operational risk
Esther Britton
25 July 2018
Our Head of Membership and Services Development, Roland Kennett, recently spoke to The International Faculty of Finance (IFF) about what the future looks like for operational risk in the finance sector.
Industry news
Most viewed ORX News loss events in Q2 2018
Margo Kane
24 July 2018
Find out the ten most viewed operational risk loss events recorded by the ORX News team during the second quarter of 2018.
Latest news
Annual insurance loss report now published
Marina Vissaridis
17 July 2018
Every year we produce a high-level summary of our global insurance operational loss database. We've just released this year's report.
Latest news
Annual banking loss report now published
Marina Vissaridis
17 July 2018
Every year we produce a high-level summary of our global banking operational loss database. We've just released this year's report.
Latest news
Take part in our CCAR benchmark 2018 study
Marina Vissaridis
16 July 2018
Following the success of the CCAR benchmark 2017, we are kicking off this year's benchmark study.
Industry news
Blockchain and operational risk: opportunities and challenges
Andréia Stephenson
13 July 2018
What might Blockchain mean for financial services, and operational risk in particular? A member of the ORX News team went to a summit in June to find out.
Latest news
Changing ORX: The way forward
Marina Vissaridis
2 July 2018
Our 2018 annual report – Changing ORX: The way forward – shows how our new strategy will support our membership as the world of operational risk changes.
Industry news
Monthly Top 5 ORX News Losses – June 2018
Margo Kane
10 July 2018
Find out the five largest operational risk loss events recorded by the ORX News team in June.
Industry news
ORX News digest of the month – June 2018
Margo Kane
10 July 2018
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read June's featured digest here.
Industry news
IMF cyber risk paper uses ORX News data
John Bosnell
28 June 2018
Antoine Bouveret, an economist at the International Monetary Fund (IMF), has published a working paper “Cyber Risk for the Financial Sector: A Framework for Quantitative Assessment”, which used ORX News data as its main input.
Latest news
Register for the control management benchmark study
Marina Vissaridis
26 June 2018
We’re running a project to create a maturity matrix of control management practices in the banking and insurance industries.
Latest news
Five key topics discussed at HORF 2018
Esther Britton
22 June 2018
The umbrella function, material operational risk, supporting the change agenda, proactive operational risk management and how best to leverage data and techniques top the bill at this year's HORF.
Latest news
Regional Forums 2018 announced
Marina Vissaridis
18 June 2018
We've just announced the dates for our 2018 Regional Forums. This year they're taking place in Milan, New York, Singapore and a location in Africa to be announced soon.
Industry news
Monthly Top 5 ORX News Losses – May 2018
Margo Kane
12 June 2018
Find out the five largest operational risk loss events recorded by the ORX News team in May.
Industry news
ORX News digest of the month – May 2018
Margo Kane
11 June 2018
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read May's featured digest here.
Research
EU-wide stress test benchmark 2018
Annika Westphal
31 May 2018
In 2018, we conducted a survey on the methodologies used in the operational risk component with 27 banks. Find out more and download the study summary.
Latest news
Register for the Capital Benchmarking Study 2018
Marina Vissaridis
22 May 2018
Held annually since 2010, the ORX Capital Benchmarking Study provides a unique insight into levels of capital held by peer institutions.
Industry news
Monthly Top 5 ORX News Losses – April 2018
Margo Kane
14 May 2018
Read about the five largest operational risk loss events recorded by the ORX News team in April.
Industry news
ORX News digest of the month – April 2018
Margo Kane
9 May 2018
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read April's featured digest here.
Latest news
Updated Banking Operational Risk Reporting Standards
Esther Britton
12 April 2018
We've just updated our Banking Operational Risk Reporting Standards, outlining new reporting requirements for tax events.
Industry news
Most viewed ORX News loss events in Q1 2018
Margo Kane
11 April 2018
Find out the five most viewed operational risk loss events recorded by the ORX News team during the first quarter of 2018.
Latest news
Siam Commercial Bank joins ORX
Marina Vissaridis
20 April 2018
We are pleased to announce that Siam Commercial Bank (SCB) have joined ORX.
Latest news
Next Insurance Forum to be hosted in New York
Esther Britton
11 April 2018
This year's North American Insurance Forum will be held in New York on 26 June 2018. Find out more about the event.
Latest news
Outsourcing risk project launched – sign up now
Esther Britton
13 September 2017
What does outsourcing do to your operational risk profile? Our new project will help you find out.
Industry news
Monthly Top 5 ORX News Losses – March 2018
Margo Kane
9 April 2018
See the five largest operational risk loss events recorded by the ORX News team in March.
Industry news
ORX News digest of the month 2017
Margo Kane
19 January 2018
The ORX News featured digest is handpicked by the ORX News team. It's a detailed look at one of the most interesting losses reported in the media that month.
Industry news
ORX News digest of the month – March 2018
Margo Kane
9 April 2018
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read March's featured digest here.
Industry news
Monthly Top 5 ORX News Losses – February 2018
Margo Kane
12 March 2018
Find out the five largest operational risk loss events recorded by the ORX News team in February.
Industry news
ORX News digest of the month – February 2018
Margo Kane
12 March 2018
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read February's featured digest here.
Latest news
Two ORX Forums held last week
Esther Britton
12 March 2018
Last week we hosted two successful forums in London - the European Insurance Forum and the Operational Risk Appetite roundtable. Both events were well-attended and prompted useful discussions on key topics.
Latest news
Claudia Meyer joins ORX Board of Directors
Marina Vissaridis
23 February 2018
We are pleased to announce that Claudia Meyer has joined the ORX Board of Directors.
Latest news
Annual Top 10 ORX News Losses 2017
Margo Kane
21 February 2018
The ORX News annual review of the Top 10 largest operational risk loss events of 2017. All of the loss events covered are taken from the Top 5 largest loss event articles that are published every month.
Industry news
Monthly Top 5 ORX News Losses – January 2018
Margo Kane
12 February 2018
Read about the five largest operational risk loss events recorded by the ORX News team in January.
Industry news
ORX News digest of the month – January 2018
Margo Kane
12 February 2018
The ORX News team chooses a digest from the ORX News Service to share publicly each month. Read January's featured digest here.
Thought leadership
The death of operational risk?
Luke Carrivick
9 February 2018
Recent reports on the death of operational risk are greatly exaggerated.
Latest news
Nomura joins ORX
Marina Vissaridis
25 January 2018
The Operational Riskdata eXchange Association (ORX), the world’s leading operational risk association, is pleased to announce that Nomura Holdings, Inc. has joined the Association.
Latest news
ORX Chairman Mark Cooke discusses role of the umbrella function
Esther Britton
19 January 2018
Mark Cooke, Global Head of Operational Risk at HSBC and the chairman of the ORX board, was recently interviewed by the Center for Financial Professionals on the role of operational risk as an umbrella function.
Latest news
What is the future of operational risk?
Matthew Rees
9 November 2017
A major new study of the future of operational risk management is now available.
Industry news
Monthly Top 5 ORX News Losses 2017
Margo Kane
19 January 2018
The ORX News Top 5 losses records the biggest operational risk events in the financial services industry every month.
Information
Beyond the Headlines - the annual public loss report
Matthew Rees
22 November 2017
You can now download both the Banking and Insurance editions of the 2017 ORX public loss reports, Beyond the Headlines.
Latest news
The new ORX News website is here
Esther Britton
11 July 2017
We are pleased to announce the launch of the new ORX News website. Find out more about the new features and functionality.
Information
ORX News is changing
John Bosnell
21 June 2017
ORX News is launching a new website offering improved data and expanded analysis. With the new search you'll be able to filter by industry sector, industry loss event and Basel event type. Find out more.
Latest news
Steve Bishop presents at OECD cyber risk workshop
Esther Britton
15 May 2017
Steve Bishop, Head of Insurance and Asset Management at ORX, presented on cyber incident data capturing and sharing at the OECD workshop on improving the measurement of digital security incidents and risk management.
Industry news
ORX News quarterly newsletter 2017
John Bosnell
19 May 2017
The ORX News quarterly newsletter includes features and analysis of the latest trends in publicly reported operational risk events in the financial services industry.
Latest news
North American Insurance Forum announced
Alison Easto
21 April 2017
Our North American Insurance Forum will be held on 21 June 2017. Find out more.
Industry news
ORX News quarterly newsletter 2016
John Bosnell
31 January 2017
The ORX News quarterly newsletter includes features and analysis of the latest trends in publicly reported operational risk events in the financial services industry.
Latest news
Insurance Forum to discuss key operational risk topics
Esther Britton
23 February 2017
Next week’s Insurance Forum will discuss some key operational risk topics, including the future for operational risk, operational risk best practices and emerging risks.
Latest news
Membership continues to grow in turbulent times
Matthew Rees
14 December 2016
It has been a year of uncertainty for the operational risk community, but ORX is continuing to grow.
Latest news
Investing in our Insurance Service
Esther Britton
12 December 2016
We're pleased to announce that Steve Bishop has joined ORX as the Head of Insurance and Asset Management.
Latest news
New year, new websites
Esther Britton
12 December 2016
Today ORX re-launched its two websites – a private site for our Members and Subscribers, and a public-facing site.
Industry news
ORX News digest of the month 2016
Oliver Simao
1 November 2016
The ORX News featured digest is handpicked by the ORX News team. It's a detailed look at one of the most interesting losses reported in the media that month.
Industry news
Monthly Top 5 ORX News losses 2016
Oliver Simao
31 October 2016
The ORX News Top 5 losses records the biggest operational risk events in the financial services industry every month.
Latest news
Model risk report featured in Global Risk Regulator
Esther Britton
12 December 2016
Our recent model risk report was featured in Global Risk Regulator Magazine.
Industry news
Capital impact of the SMA
Luke Carrivick
27 May 2016
Our response to Basel Committee on Banking Supervision's (BCBS) proposed Standardised Measurement Approach for Pillar I operational risk capital. Including our SMA capital requirements benchmark report, ORX Capital impact of the SMA.