Research studies:
Developing op risk management

Our research studies support operational and non-financial risk management and measurement throughout the financial industry.

ORX members can take part in our projects for free. They also get access to all our completed reports and white papers. If your firm isn't a member of ORX, then you can still participate in our studies for a small fee.

Taking part in our projects brings lots of benefits. When you get involved in our research, you don't just get access to the results and analysis. You also get to collaborate with operational risk professionals from around the world and build a global network of peers and experts. Our participants tell us that they really value the opportunities we give them discuss ideas and challenges with ech other.

Find out how to take part in our projects

Current studies and initiatives

Research

ORX Cause and Impact Taxonomy 2020

Steve Bishop

18 May 2020

In response to feedback from operational risk teams, we are bringing forward the work we are going to progress this year to develop a Cause and Impact Reference Taxonomy building on the success of last year’s ORX Reference Taxonomy.

Research

Three lines of defence practice benchmark

Simon Johnson

26 February 2020

The 3LOD is an accepted model for an effective risk management system. In this study, ORX is aiming to understand how the 3LOD is implemented in practice, its challenges and what best-practice might look like.

Research

Exploring risk exposure methodologies

Annika Westphal

24 February 2020

ORX’s new initiative will advance the use of structured, risk-factor driven approaches to operational risk measurement. We’ll explore the current and potential use of the approaches and opportunities to collect and benchmark relevant risk factors.

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.

Research

Reimagining Operational Risk

Simon Wills

31 October 2019

The financial services industry is undergoing a period of rapid change. Find out more about our new initiative, Reimagining Operational Risk.

ORX reference taxonomy

We're continuing to develop our award-winning reference taxonomy, which is helping to create a common language for the whole financial services industry.

Cyber risk

We've been supporting firms with cyber and information security risk. This group has now finished work on definitions and roles and responsibilities.

Explore our research by area of op risk

Op risk measurement & data

Day-to-day op risk management

Op risk strategic development

Material risks in focus

Research studies: Developing op risk management

Find out how to take part in our projects

Current studies and initiatives

Explore our research by area of op risk

Reports & white papers

Research studies:
Developing op risk management