ORX blogs and updates

Each month, the ORX News team publish a list of the five largest operational risk losses reported in the previous month. Read on to find out which operational risk loss events have had the most...

The National Institute of Standards and Technology (NIST) recently issued a draft version of the Cybersecurity Framework for public comment. Working with the ORX Cyber Community, we'll be...

Banks report lowest financial losses in 2022 despite the challenging operating environment, but an increase in fraud is driving up annual loss frequency. Global annual operational risk loss figures...

On 4 March 2016 the Basel Committee on Banking Supervision (BCBS) proposed a new Standardised Measurement Approach (SMA) for Pillar 1 operational risk capital. It proposed that the SMA replaces all...

A long-awaited 'Basel III endgame' proposal was published on 27th July. This is the Federal Reserve initiating the beginning of end of the Basel III capital reform process which can trace its origins...

A senior Federal Reserve supervisor has outlined his vision for the future of capital in US bank regulation.

Information Security (including Cyber), has topped a league table of operational risk concerns for global banks and insurers. Followed by Third Party risk and Technology, all three top risks reflect...

Each month, the ORX News team publish a list of the five largest operational risk losses reported in the previous month. Read on to find out which operational risk loss events have had the most...

Data science is being used across industries. Our new working group promotes its application to operational risk. The ORX Data Science Working Group aims to bring together data science professionals...