Operational Risk Reporting Standards

High-quality, consistent reporting standards

ORX leads the way in setting the reporting standards by which the industry views operational risk events. 

By bringing together a wealth of knowledge and experience from our community of members, we are able to produce high-quality operational risk reporting standards for both the banking and insurance industry. We also have specific reporting standards for the ORX Cyber service.

Our standards ensure our members receive data of a comparable standard and in an agreed format, but many other financial firms also benefit from using them to support their operational risk event collection and reporting practices.

Part of our mission is to promote good operational risk management beyond our membership, so our standards for both the banking and insurance industries are freely available to download.