ORX News featured several new releases this quarter, including new Deep Dive reports, In Focus reports, Top 5 losses, and podcasts.
Explore new Deep Dives
In addition to our regular Deep Dives, this year we are producing quarterly Data Deep Dives. These are themed systematic reports, which include charts, comparisons of the top largest losses, and additional insights on selected Level 1 Risks.
- Data Deep Dive - Internal Fraud - explores related operational risk loss events using the structure of the bow tie model. It highlights commonality between major events by focusing in turn on internal and external causes, remedial measures, and financial and non-financial impacts.
- Data Deep Dive – Data Management and Information Security - focuses on internal and external risk factors with data management and information security, common remedial measures, common cost components, common non-financial impacts, and cumulative loss and scenario distribution.
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Barclays to pay GBP 1.15 billion as a result of over-issued securities
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39 firms pay USD 2.86 billion in SEC/CFTC probe into WhatsApp use and record-keeping failures
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Wells Fargo pays oil company USD 39.5 million over breach of contract in sale of shares
“We are excited to showcase our new data visuals and explorer, revealing insights from ORX News data through interactive navigation. This will give our subscribers a way to unveil proportions, frequency, and severity in a vivid, dynamic tapestry.”
Lily Richardson, ORX News Manager
New In Focus and editorial content
In our In Focus reports, we delve into the wealth of data collected by ORX News to analyse and highlight trends. These reports provide valuable insights into the ever-evolving landscape of risk management, shedding light on key issues and developments that can impact organisations across the financial sector.
Here are a few of our recent In Focus pieces:
- In Focus - Citigroup fat finger error
- In Focus - Takeover woes: DB provisions €1.35 billion over 14-year takeover of Postbank
- In Focus - AI washing
Top 5 operational risk losses
We publish a list of the monthly five largest operational risk losses. Read on to find out which operational risk loss events have had the most impact in Q2 2024.
Podcasts
The ORX News team record a monthly episode of our ORX Operational Risk Podcast covering the five largest operational risk losses for that month, as well key current operation risk events from across the globe. This podcast is freely available to anyone, including non-subscribers and non-members.
Listen to some of our most recent podcasts:
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ORX News top 5 operational risk losses May 2024 and a focus on two events caused by human error
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ORX News top 5 operational risk losses April 2024 and a focus on the WhatsApp probe
- ORX News top 5 operational risk losses March 2024 and a focus on AI washing
ORX News Webinar
ORX News will host a webinar on October 9 featuring two sessions for subscribers to attend.
Find out more about the event.
About ORX News
Stay on top of the latest operational risk losses with ORX News. ORX News is a leading source for information and analysis on publicly reported operational risk loss events from around the globe.
Created specifically for the financial sector, ORX News can help you:
- Identify loss trends you need to be aware of
- Provide data and information to support scenario modelling
- Enhance your internal loss data
- Raise awareness of operational risk across your organisation