ORX blogs and updates

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...

Over the last five years, ORX has been on a strategically important journey to develop a set of contemporary industry-wide risk management standards and libraries. During this time, we've witnessed a...

We've now published the loss data from C1 2025 for the following services: Global Banking Global Insurance Regional Services: Australian Banking, Canadian, Nordic Banking, South African, UK Banking...

With recent advances in machine learning and artificial intelligence – particularly in generative AI – regulators are increasingly focusing on the use and integration of these technologies in...

This blog highlights key findings from the 2025 Operational Risk Horizon report, offering insights into the most pressing emerging risks, macroenvironmental factors and industry trends shaping...

Geopolitical uncertainty is the biggest driver of emerging threats for banks and insurers according to the Operational Risk Horizon 2025 and Cyber Horizon reports, based on input from 47 leading...

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...