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.

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.

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.

All our data exchanges allow participants to securely and anonymously share operational risk loss data to use for benchmarking and analysis. The global loss data is only available to ORX members, while most financial firms can subscribe to the regional services.

Download the ORX Reference Taxonomy for level 1 and 2 operational and non-financial risks to help make your risk management more effective.

ORX's collection of risk management resources and risk assessment materials. Access valuable insights and tools to enhance risk management practices

The award-winning ORX Reference Control Library provides an industry-first framework of the typical control types used by financial firms to mitigate key operational and non-financial risks.

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.

Mar 3, 2025 · In this blog, we summarise the headline findings from the ORX Operational Risk Horizon 2025 report, providing an overview of the key themes and topics explored in the study within the context of a highly dynamic, interconnected, and rapidly evolving external environment.

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.