ORX blogs and updates

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...

LeadersConnect Live | 20-21 May 2025 | New York The second day of LeadersConnect Live covered critical topics for the industry, including governance, third party and process. Delegates also had the...

LeadersConnect Live | 20-21 May 2025 | New York Strategy, speed and value were top of the agenda on the first day of LeadersConnect Live 2025. We were joined by over 40 risk leaders from across our...

The ORX Reference Process and Service Library is an industry-developed resource, created with McKinsey & Company as a knowledge partner and built using insights from 50 global financial institutions....

In a period of rapidly developing global geopolitical uncertainty, conversations with our members in the first quarter of the year indicated that now is a good time to cover the topic in the leader...

2025 has proven to be a volatile year so far. Not just in the financial services industry, but across many other sectors. Events have shone a spotlight on resilience – the ability to prevent, adapt...

Over the past year AI risk management has risen as an operational and non-financial risk management priority. In February 2025, we brought together senior risk professionals from our leadership...

The ORX Reference Process and Service Library is a new industry-developed resource, created with McKinsey & Company as knowledge partners, to support better risk management. Built with input from 50...

In this second blog exploring our journey to develop industry standards for operational and non-financial risk (ONFR), I share six key lessons we learned along the way. We've gained valuable insights...