
Operational Risk Management in Financial Services | ORX
ORX is the largest operational risk management association in the financial services sector. Established in 2002 by financial firms looking to share loss data, ORX is committed to improving the management and measurement of operational risk.
Operational Risk News | Risk Management News | ORX
ORX News is an industry-leading provider of publicly reported operational risk loss events from around the world. Subscribe to ORX News for data and analysis specifically covering the banking, insurance and asset management sectors.
Operational Risk Reference Taxonomy | ORX Membership
The ORX Reference Taxonomy for operational and non-financial risks is made up of the Event Type Taxonomy and the Cause and Impact Taxonomy. The Event Type Taxonomy covers level 1 and level 2 risks, including more 'contemporary' risks, such as conduct, cyber and third party.
Cyber Horizon 2025 | ORX Cyber
Through conversations with the ORX Membership and the ORX Cyber Community, we identified an appetite for a standalone Cyber Horizon report. This pilot study collects institutional views on the most significant emerging cyber threats in both the short term and long term.
ORX Membership | Enhance operational risk management
ORX members can take part in our global loss data services, join projects and attend invitation-only events. ORX members also get access to an extensive library of resources, including reports, benchmarks and industry standards and libraries.
Top 5 ORX News Losses of 2024
Jan 23, 2025 · The ORX News team has compiled a list of the five largest operational risk losses reported in 2024. Continue reading to learn about the operational risk loss events that have had the greatest impact this year.
Top 5 operational risk losses and challenges implementing risk
Jul 3, 2023 · Listen to this episode of the ORX Operational Risk Podcast to hear the ORX News team cover the five largest operational risk losses of May 2023 and an overview of the challenges surrounding the three lines of defence model, governance, and risk culture, all stemming from the launch of ORX’s Risk Management Working Group – illustrating some ...
About ORX | The operational risk management association
Through ORX Membership and our services, we help financial institutions better manage, measure and understand operational risk. We work with our community to solve challenges and develop solutions.
Operational Risk Management Events - ORX
ORX hosts a range of operational risk management events every year, including in-person forums, online discussions and webinars.
Scenario Highlights Report 2024 | ORX Scenarios
Following the 2024 annual data cycle, the ORX Scenario Library now contains 1288 scenarios submitted by 73 firms. The most common ORX Level 1 risk types against which these scenarios are mapped in the Library are: Information Security (including cyber) (189 scenarios) Conduct (186 scenarios) Transaction Processing and Execution (158 scenarios)