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ORX Scenarios:
Save time and money and improve your scenario practice

Scenarios are a key factor in measuring and managing operational risk across the financial services industry. ORX Scenarios is a unique resource that effectively addresses practitioners’ needs of scenario identification, assessment, quantification and validation practices. You can compare your scenario portfolio and methods against your peers to ensure full coverage of the most relevant scenarios.

The scenario programme is driven by its participants, who set the priorities and focus. This influences the research projects and tools we develop to help support them in their work.

Contact us to book a demo of ORX Scenarios

What are the benefits of ORX Scenarios?

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Scenario library
A library containing over 1000 quality scenarios from the leading financial services firms globally.
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Scenario development handbooks
Support for creating and quantifying scenarios for specific risks, such as cyber.
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Forum & discussion groups
A global scenario practitioner network, including free invitation-only events such as our global Scenario & Analytics Forum and regular Scenarios working group.
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Scenario practice benchmark studies
Our practice benchmarks allow you to compare specific practices against your peers. You receive an individual report, in addition to a general report of the whole ORX Scenarios group.
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Risk intelligence packs
Ready-made packs of external information to support scenario development.
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Hot-topic research
Developing useful materials to support and improve your internal scenario process.
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The Scenario Library - benchmark against the industry

By subscribing to ORX Scenarios, you gain access to our Scenario Library. The Scenario Library is a comprehensive tool for scenario practitioners – allowing participants to back test their own internal scenarios against the industry.

Every year, each participant submits their most important scenarios through our secure Insight platform. After rigorous quality assurance a database of anonymised scenarios is published with accompanying reports.

Participants currently have access to almost 1,000 scenarios across different business lines, sizes and regions.

Latest free content from ORX Scenarios

Information
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
Information
Webinar: How to create a pandemic scenario
Esther Britton
26 May 2020
Learn about creating an operational risk scenario for a pandemic with this webinar from the ORX Scenarios team. The discussion includes risk drivers, impacts, risk identification and how scenario practice could change post-coronavirus.
Read more
Industry news
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
Research
Insights into material risks: Scenario library summary 2019
Giuseppe Aloi
16 September 2019
Each year, we analyse our scenario library and produce a summary report on the results. Read the summary report for key trends and highlights.
Read more

Why subscribe to ORX Scenarios?

Stress testing
ORX Scenarios is used by our members to improve stress testing, particularly as a way of capturing the impact under extreme stresses.
Benchmarking
Compare your scenario portfolio and methods against your peers to ensure full coverage of the most relevant scenarios
Regulatory capital calculation
ORX Scenarios subscribers use the service to support with ICAAP calculations.
Driven by participants
The ORX Scenarios group participants set the priorities and focus. This influences the research projects and tools we develop to help support them in their work.

ORX Scenarios pricing

The annual fee for ORX Scenarios is £17,000 per year (£8,950 per year for current ORX members). To find out more about how the service can help your firm or to book a free trial, contact us today.

ORX scenarios studies & research

Research
ORX Scenarios: Insights into material risks 2020
Giuseppe Aloi
18 October 2020
Find out the key trends and analysis in scenario practice in 2020. Key themes include conduct, resilience and the importance of an agile operational risk framework.
Read more
Information
Scenario Development Handbook: Pandemic
Lily Loneragan
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
Practice benchmark
Scenario refresh and trigger process practice benchmark
Giuseppe Aloi
3 March 2020
This practice benchmark showed that the industry is adopting more dynamic approaches, which are better designed to meet business needs and are more focused on managing risks at the right time. However, there are still areas that could be improved.
Read more
Research
Insights into material risks: Scenario library summary 2019
Giuseppe Aloi
16 September 2019
Each year, we analyse our scenario library and produce a summary report on the results. Read the summary report for key trends and highlights.
Read more

Subscribe to ORX Scenarios

ORX Scenarios is open to members and non-members of ORX. If you'd like to find out more about the service or book a demo please contact us.

Find out more about ORX Scenarios