ORX In Focus | December 2022 newsletter

Survey insights indicate ORX Reference Taxonomy is being considered the industry standard.

A recent survey run by ORX, the world’s largest operational risk association, with our 100+ membership of leading financial institutions has revealed ORX Reference Taxonomy is now being considered the industry standard. It is also saving firms considerable time and cost in implementing their own risk taxonomies.  

The survey responses showed the benefits of the ORX Reference Taxonomy as it is already being actively used by 80% of respondent firms.

Get exclusive insights into operational risk scenario practice across financial services

The Insights into Material Risks report from ORX Scenarios analyses the trends identified in the 2022 scenario library.

5 biggest operational risk losses of the month from ORX News

Read our latest round-up of the biggest operational risk losses in October including Credit Suisse to pay

EUR 238 million to settle French money laundering

and tax fraud charges.

ORX is proud to have been celebrating our 20th anniversary

this year!

This year has been a milestone year for ORX with it being our 20th anniversary, so we thought it would

be a good time to reflect on our collective successes

over the past two decades.

Don't miss the most recent episode

of the ORX Operational Risk Podcast