ORX blogs and updates

A long-awaited 'Basel III endgame' proposal was published on 27th July. This is the Federal Reserve initiating the beginning of end of the Basel III capital reform process which can trace its origins...

A senior Federal Reserve supervisor has outlined his vision for the future of capital in US bank regulation.

Information Security (including Cyber), has topped a league table of operational risk concerns for global banks and insurers. Followed by Third Party risk and Technology, all three top risks reflect...

Data science is being used across industries. Our new working group promotes its application to operational risk. The ORX Data Science Working Group aims to bring together data science professionals...

We've now published the loss data from C2 2023 for the following services: Global Banking Global Insurance Regional services: Australian Banking, Canadian, Nordic, South African, UK Banking Alongside...

In recent months there has been a huge amount of coverage on the advancements made in Large Language Models (LLMs), such as ChatGPT (OpenAI) or Bard (Google). In this blog we attempt to pull out the...

The ORX Operational Risk Horizon Report covers emerging risk categories, the external macroenvironment in six main areas, and key risks in focus such as emerging technology, digital assets and...

ORX Data Science Working group kicks-off with a first call focusing on future topics and shared challenges Data science is being used across industries. Our new working group promotes its application...

We've updated the ORX Operational Risk Reference Risk Taxonomy guidance to provide clarification on areas highlighted by firms following survey feedback.