Find out more about how to use the ORX Reference Taxonomy
To help the operational risk community get the most from the ORX Reference Taxonomy, we've created guidance.
The guidance includes examples and provides more detail about the taxonomies and how you can use them. It gives you detailed guidance on each level 1 risk, explains how to use flags and risk themes to add further context and insights to your data, provides information and definitions for specific cause categories and more.
“This is an excellent development that really clearly sets out a coherent industry view of the operational risks we face today. It provides a pragmatic common language that will allow the industry to discuss risks and share information for years to come."
ORX Mark Cooke, former ORX Chairman and Group General Manager at HSBC