ORX blogs and updates

In the first quarter of each year, we hold a series of calls with leaders from our member firms to discuss their priorities for the next 12-18 months. These calls help us identify new and developing...

On 9 March we were joined by 70 representatives from almost 50 of our member firms for a virtual roundtable to discuss the operational risk impacts of the war in Ukraine. Read on for an overview of...

In January we brought together the ORX LeadersConnect community to discuss their focus for the year ahead. LeadersConnect is our invitation-only community for Heads of Operational Risk (or...

The European Commission has confirmed that the new EU rules to implement the final part of the Basel III agreement will come into effect in 2025.Read on to find out more about what's happening and...

As financial firms adapt to the new normal following coronavirus (Covid-19) and digitalisation continues at pace, their operational risk profiles are undergoing significant change. This...

One of the areas covered in our Three Lines of Defence (3LOD) Practice Benchmark is how financial firms can further embed the 3LOD model. Here’s a quick overview of the four key ways we identified.

For anyone who read the draft Basel Committee on Banking Supervision (BCBS) documents, Principles for operational resilience or Revisions to the principles for the sound management of operational...

Operational resilience has been on the regulatory agenda over the last few years, and it's becoming even more of a hot topic right now with the focus shifting to ensuring that institutions can...

The three lines of defence (or 3LOD) model is an accepted regulated framework designed to facilitate an effective risk management system. Traditionally, this model is used because it provides a...