Podcast
EBA Risk Event Taxonomy – What it means for financial institutions
9 December 2025
About the episode
In this episode of the ORX Operational Risk Podcast, host Steve Bishop is joined by Luke Carrivick and John Bosnell to unpack the European Banking Authority’s (EBA) newly published Operational Risk Event Taxonomy. They explore why this update is so significant for financial institutions and how it compares to our own ORX Operational Risk Taxonomy.
The episode highlights ORX’s role in shaping the taxonomy, the practical implications for firms already using our taxonomy, and how new attributes like legal, third party, and ESG risks enhance risk categorisation.
Topics covered:
- Challenges and opportunities of the EBA taxonomy
- How ORX responded to the new EBA
- Practical advice for firms preparing for the transition
-
Ongoing ORX risk standards for the global industry, including for 2026
Episode resources:
ORX libraries - available to ORX members:
Available to ORX Scenario subscribers:Listen to the full episode to learn more
This podcast is available on Apple Podcasts, Spotify or anywhere else you get your podcasts from (search for 'The ORX Operational Risk Podcast' to find us.)
