September highlights

POSTED BY ORX | 10 OCTOBER 2024

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Discover the most recent publications from ORX in our latest monthly highlights. Stay up to date with our current releases from ORX Membership, ORX Cyber, ORX News, and ORX Scenarios.

ORX Membership

Report: Our strategic vision for operational and non-financial risk – is shaped by conversations with CROs and other senior risk leaders from our membership, sets out our strategic vision for the future.

Blog: ORX responds to EBA taxonomy proposal – includes our response to the European Banking Authority's consultation on a new framework for operational risk loss data collection and taxonomy, consolidating input from our members.

Blog: FED speech outlines a path forward for the Basel III endgame – the recent positive response from the Federal Reserve System (the FED) to industry concerns about the 2023 Basel III endgame proposals.

Blog: Operational resilience lessons from the CrowdStrike incident – offers insights from recent ORWG discussions on experiences and actions during and after the incident, highlighting key revelations.

Blog: Paper identifies leading practices for process and service libraries – gives updates on our six-month initiative with members to create a new industry reference library. We've produced a Practices Paper and are close to completing the ORX Reference Library.

Blog: Introducing Agora: ORX’s new data exchange platform – this blog introduces our new data exchange platform, Agora, which will replace our current Insight platform and is scheduled to launch next year.

Infographics: C3 2024 Banking Operational Risk Loss Data Infographics and C3 2024 Insurance Operational Risk Loss Data Infographics – summarises key statistics from the C3 2024 loss data cycle for global banking and insurance risk data submitted to ORX.

Paper: Latest insights into risk quantification practices – covers key points from the Risk Quantification Practices Paper 2024, focusing on four risk areas: cyber, third-party, climate, and AI.

ORX Cyber

Report: Cyber Risk Quantification Study 2024 – explores the status of cyber risk quantification (CRQ) by providing a view of current practices, challenges and future direction of travel across the industry.

ORX News

Blog: Top 5 ORX News Losses: Q3 2024 – find out which operational risk loss events have had the most impact in the monthly top five losses in Q3 2024 in this summary from ORX News.

Podcast: ORX News top 5 op risk losses August 2024 and updates on the WhatsApp probe and CrowdStrike incident – find out more about the five largest losses of August 2024, the “WhatsApp probe”, and the deep dive on CrowdStrike.

ORX Scenarios

Resource: Scenario Analysis Workbook Series – an additional four new workbooks cover ORX level 2 risk types of third party/vendor fraud, data theft/malicious manipulation of data, external financial and regulatory reporting failure, and network failure.

September highlights

ORX Membership

ORX Cyber

ORX News

ORX Scenarios

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