Material risks in focus

Material risks in focus

ORX runs research studies, working groups and larger programmes of work to support operational risks teams with the management of specific material risks, for example cyber, conduct and outsourcing. On this page, you can take a look at a selection of research and other content that we've published to help you better understand some of the most important material risks.

Focusing on cyber and information security risk management

As part of our material risks in focus work, we've been working on developing a programme which will support the management of cyber and information security risk. This is one of the most pressing and difficult risk types facing the financial services industry today. Our programme is helping institutions overcome the challenges of cyber risk.

See how we're supporting cyber and information security risk management

Material risks in focus studies

Top Risk Review June 2021
Simon Johnson
29 June 2021
Get insights into the key operational risks facing the financial services industry today with the latest Top Risk Review from ORX. The results are based on the personal opinions of risk professionals from 60 organisations across our global membership.
Material Risk Identification Study
Simon Johnson
25 March 2021
This report will help you understand the concepts and practice behind material risk identification programmes in the operational risk discipline in the financial industry.
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.
ORX Cyber
Cyber Risk Board Reporting Study 2020
Melanie Lavallin
18 December 2020
Download the report based on work with our cyber operational risk community to find out how the industry is approaching cyber and information security risk reporting to the Board.
Addressing the regulatory challenge of operational resilience
Melanie Lavallin
1 December 2020
Operational resilience is a hot topic at right now. Find out how you can address the regulatory challenge posed by operational resilience right now.
Top Risk Review: October 2020
Steve Bishop
27 October 2020
Download the latest Top Risk Review from ORX, published in October 2020, to see how the operational risk landscape is changing and which risks you need to be ready for. 
ORX Scenarios
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.
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.
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.
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...
ORX Cyber
Cyber risk management controls & indicators
Melanie Lavallin
28 February 2020
How is the industry implementing controls and indicators for cyber risk management? And what makes an effective indicator or control? Read the report from our study to find out.
Operational Risk Horizon 2020
10 February 2020
Download the ORX Operational Risk Horizon 2020 report to find out the top emerging and current operational risks for 2020 and beyond for banks and insurers. This report is based on a survey of financial firms.
ORX Cyber
Roles and responsibilities in cyber and information security risk management
Melanie Lavallin
24 September 2019
We surveyed 25 financial institutions establish where cyber and information security risk management responsibilities sit across the three lines of defence, and to identify those areas where there is confusion. See what we found out.
ORX Scenarios: Insights into material risks 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.
ORX Cyber
Cyber and information security risk definitions
Melanie Lavallin
4 July 2019
Working with participants of the ORX Cyber and information security risk (CISR) programme, we have created definitions for cyber and information security risk that we'll use throughout the project.
Operational Risk Horizon 2019
21 January 2019
Benchmark your top current operational risks against your peers and identify emerging operational risk trends with the ORX Operational Risk Horizon study.
Progress and challenges in model risk management
Annika Westphal
21 December 2018
Model risk is receiving increased attention from financial firms and regulators. Our report looks at model risk management practices and the progress that has been made since our 2016 study on this operational risk topic.
Practice Benchmark
Outsourcing risk practice benchmark
Sarah Reed
29 October 2018
What does outsourcing do to your operational risk profile? Part of practice benchmark programme, this study identified common and best practices in managing the risk of a firm's outsourced/third-party portfolio.
Understanding Conduct Risk Practices
John Mears
26 October 2017
Although there is no common understanding of conduct risk, progress is being made our study on conduct risk showed. We explored its interaction with the operational risk management framework and the shared challenges faced by the industry.
Operational Risk Horizon 2018
John Mears
21 March 2018
The Operational Risk Horizon was a new initiative from ORX offering two key benefits – the ability to benchmark your top current risks and to identify emerging risk trends.
How do banks manage model risk in 2016?
Paul Minter
28 October 2016
This Snap Survey report explores how banks define, manage and mitigate model risk.

Browse by other areas of operational risk...

Op risk measurement & data
Op risk management
Op risk strategic development

Material risks in focus

Find out more about how ORX can support your firm to manage the most critical material risks.

Talk to us