Who we are

Founded in 2002 by operational risk professionals, ORX is the world’s largest operational risk association for the financial services industry. We bring banks, insurers and asset managers together to share experience, data and insight, supporting more informed and consistent risk management practices across the industry.

ORX is a member-owned, not-for-profit association. Our work is shaped by practitioners, for practitioners, and focused on long-term industry benefit.

10000+

Op risk professionals

20+

Years of knowledge

140+

Financial firms

ORX Operational Risk Horizon 2026 Summary

An industry view of emerging operational risks

Based on input from leading financial firms, the ORX Operational Risk Horizon 2026 study provides an industry-led view of the emerging risks expected to shape the next 12–36 months.

To give non-members a sense of the insight available through ORX, we’ve published an executive summary highlighting emerging themes and risk priorities from the study.

Horizon H1 2026

What you’ll find in the executive summary

An industry view of emerging risk priorities
Based on input from 47 banks, insurers and asset managers, providing external context on how firms are approaching emerging operational and non-financial risks.
Coverage across the risk landscape
A structured view across 11 emerging risk categories, informed by key external drivers.
A forward-looking external perspective
Insight into risks expected to shape the next 12–36 months, supporting horizon scanning and planning.

Download the free summary

Where the Horizon fits within ORX

The Operational Risk Horizon is one part of ORX’s wider industry research programme. Alongside annual studies like Horizon, firms also engage with ORX through loss data exchange, scenario practice, cyber risk benchmarking and peer discussion.

About ORX