ORX, the world’s largest operational risk association with a membership of over 100 financial organisations from around the world has today announced changes to its Board of Directors.

In June 2021, we ran a research study with subscribers of our ORX Cyber service exploring how financial firms approach the oversight of supply chain cyber risk exposure. The results of the study highlighted 5 key themes - find out what they are.

Luke Carrivick, Head of Research and Information at ORX, challenges recent reports on the 'death of operational risk'.

Are you ready to manage risk in an increasingly digitalised world? Download the report, Right time, right place: drive for change in operational and non-financial risk, to find out.

Latest banking operational risk loss report shows a decline across the banking community, despite the impact of Coronavirus (Covid-19).

Given the rapid rise in the valuation of some cryptoassets, they are increasingly hard to avoid. A recent study estimated that within the UK 2.3m individuals hold cryptoassets, and nearly 80% of adults are familiar with them. Read the blog for more info.

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.

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. 

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.

This white paper makes a case for the use of advanced analytics, and specifically machine learning techniques, for operational risk management in financial firms. Download the white paper for more information.

Get the ICAAP methodology summary report to find out about the range of methodologies used when quantifying operational risk capital for ICAAP.

British Airways suffers data breach compromising information on over 429,000 customer cards.

Benchmark your top current operational risks against your peers and identify emerging operational risk trends with the ORX Operational Risk Horizon study.

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.

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.

We ran this study for the third time to provide interested institutions with a benchmark of methodology and model outputs for their 2017 CCAR submissions. See what we found out.

In 2016 we began a study with McKinsey. We aimed to identify the strategic challenges that financial firms must address if they are to manage operational risk more effectively. Find out the results.

This page brings together the resources updates we’ve created to support you during the coronavirus (Covid-19) situation. We've made all our coronavirus-related resources publicly available to help operational risk teams in this challenging time.