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News, blogs & updates archive

This page holds our older operational risk news stories, blogs and research updates. To find our newest content, view our latest stories and updates.

If you're specifically looking for updates from ORX News (including top 5 operational risk losses and stories of the month), then you can find them all on the ORX News resources page.

Operational risk news, blogs & updates...

Industry news
Top 5 ORX News Losses: Q4 2019
John Bosnell
14 January 2020
Each month, the ORX News team publish a list of the five largest losses reported in the previous month. Find out which operational risk loss events have had the most impact recently in the monthly top five losses of Q4 2019 from ORX News.
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Insights
Six trends from the ORX Scenarios library in 2019
Giuseppe Aloi
6 December 2019
Since 2017, institutions have submitted more than 1,100 operational risk scenarios to the ORX Scenarios library. Read on for the key trends and insights from the library in 2019.
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Information
Three cases for machine learning in op risk
Annika Westphal
29 November 2019
Our analysis showed that there are three main areas where machine learning can be used in operational risk – fraud detection, text-mining for data augmentation and data quality assurance.
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Latest news
ORX News API launched
John Bosnell
27 November 2019
We've just launched an API, meaning you can now integrate ORX News data with your own systems, making it even more valuable.
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Insights
Four challenges of distributing cyber operational risk management responsibilities
Melanie Lavallin
13 November 2019
Financial institutions face four key challenges when distributing roles and responsibilities for cyber risk management, including lack of clarity; conflict of interest; resource and capacity; and low board-level understanding of cyber and IT.
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Press release
ORX publishes reference taxonomy for operational and non-financial risk
Esther Britton
21 November 2019
Following on from our award-winning level 1 taxonomy, which was published in 2018, the new ORX Reference Taxonomy delves deeper into level 2 risks.
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Information
How to use ORX News to support your scenario practice
John Bosnell
29 October 2019
Did you know that you could use ORX News to support your firm’s operational risk scenario programme? Focused solely on operational risk, the ORX News service brings together publicly reported loss events from around the world.
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Industry news
European Commission publishes public consultation on Basel III reforms
Luke Carrivick
15 October 2019
On Friday 11 August the European Commission published a public consultation document in “Implementing the final Basel III reforms in the EU”.
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Industry news
SMA implementation tracker
John Bosnell
21 September 2022
Find out which jurisdictions have confirmed their SMA plans and what the differences in implementation and capital impact are.
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Industry news
Top 5 ORX News Losses: Q3 2019
John Bosnell
5 September 2019
Each month, the ORX News team publish a list of the five largest losses reported in the previous month. Find out which operational risk loss events have had the most impact recently in the monthly top five losses of Q3 2019 from ORX News.
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Blog
Five key elements for creating an op risk scenario storyline
Giuseppe Aloi
4 September 2019
Learn how to develop comprehensive scenario storylines. This blog focuses on cyber-related data breach.
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Blog
Four benefits of adopting the ‘umbrella’ approach to op risk management
Luke Carrivick
27 August 2019
What are the benefits of implementing 'umbrella' approach to operational risk management? Our study identified four main benefits – consistency and completeness; efficiency; effectiveness and agility.
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Industry news
OSFI opts for standardised approach transition year ahead of SMA
Luke Carrivick
25 July 2019
On 18 July, OSFI announced its plans for moving to the SMA. In preparation, OSFI is introducing a transition year – in 2020, banks will revert to the Basel II standardised approach before changing to the SMA in 2021.
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Industry news
Top 5 ORX News Losses: Q2 2019
John Bosnell
2 July 2019
Each month, the ORX News team publish a list of the five largest losses reported in the previous month. Find out which operational risk loss events have had the most impact recently in the monthly top five losses of Q2 2019 from ORX News.
Read more
Latest news
2019 HORF reflects changing op risk environment
Roland Kennett
26 June 2019
The 2019 ORX Heads of Operational Risk Forum came at time of unprecedented change for the industry. Operational risk managers are facing new challenges across all areas.
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Latest news
ORX wins Initiative of the Year at the 2019 Operational Risk Awards
Marina Vissaridis
17 June 2019
We are delighted to announce that ORX has won Initiative of the Year at the 2019 Operational Risk Awards. Held on 18 June 2019 in New York, the Operational Risk Awards honour excellence in op risk management and compliance.
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Industry news
No place for historical losses in APRA's plans for op risk capital
Luke Carrivick
6 June 2019
In an industry consultation today the APRA set out its plans for adoption of the SMA to Pillar I Operational Risk capital. Find out more about their plans.
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Blog
How do scenarios help improve op risk management?
Luke Carrivick
3 June 2019
We asked our Head of Research and Information, Dr Luke Carrivick, a few questions about using scenarios as a method for improving operational risk management.
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Industry news
Top 5 ORX News Losses: Q1 2019
John Bosnell
9 April 2019
Find out the five largest operational risk loss events recorded by the ORX News team in January 2019. Each month, the ORX News team publish a list of the five largest losses reported in the previous month.
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Press release
Digital continues to dominate the operational risk landscape
4 March 2019
Digital and information security risks came out top in the latest, annual ORX Operational Risk Horizon study. Information security (including cyber risk) was first in the list of current operational risks.
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Blog
Blockchain and operational risk: opportunities and challenges
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.
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Latest news
How our work to create a new taxonomy can help improve operational risk management
Luke Carrivick
12 May 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.
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Blog
The death of operational risk?
Luke Carrivick
9 February 2018
Luke Carrivick, Head of Research and Information at ORX, challenges recent reports on the 'death of operational risk'.
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ORX News
Top 5 ORX News Losses: Q4 2018
4 January 2019
Read the five largest operational risk losses that were reported by ORX News each month in Q4 2018.
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ORX News
Top 5 ORX News Losses: Q3 2018
6 October 2018
Read the 5 largest operational risk losses that were reported by ORX News each month in Q3 2018.
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ORX News
Top 5 ORX News Losses: Q2 2018
6 July 2018
Read the five largest operational risk losses that were reported by ORX News each month in Q2 2018.
Read more
ORX News
Top 5 ORX News Losses: Q1 2018
6 April 2018
Read the five largest operational risk losses that were reported by ORX News each month in Q1 2018.
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ORX News
Annual Top 10 ORX News Losses 2017
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.
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Industry news
Monthly Top 5 ORX News Losses 2017
19 January 2018
The ORX News Top 5 losses records the biggest operational risk events in the financial services industry every month.
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Industry news
ORX News digest of the month 2017
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.
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Industry news
Monthly Top 5 ORX News Losses 2016
16 January 2017
Read the top five largest operational risk losses from ORX News for each month of 2016.
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Industry news
ORX News digest of the month 2016
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.
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