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    Project status

    Project underway

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    ORX members

    Service

    ORX Membership

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    About the initiative

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    Throughout 2026, we're focusing on how we can strengthen control practice across the industry.

    Alongside an updated and improved Reference Control Library and a best practice paper, we're exploring a control benchmarking service that would allow firms to securely compare the strength, maturity and effectiveness of their control environments against peers.

    Why are we exploring this service?

    Across our community, firms continue to highlight increasing control complexity, inconsistent design standards and limited end-to-end visibility.

    Our recent discussions and workshops also show there's a strong demand for deeper benchmarking insights, particularly to understand where organisations may be over or under controlling, how their approaches align with peers and how they can evidence control maturity to internal and external stakeholders.

    A controls benchmarking capability could turn these challenges into actionable insight, grounded in real data.

    Through benchmarking data and learning from peers, we'll answer key questions, such as:

    Understanding your control environment
    • How does our control environment compare to the wider industry?
    • Which of our controls are unique to our institution?
    • Are there areas where we may be over or under controlling?
    • Are there differences in control design or operation across our institution?
    • Which risks are most effectively controlled?
    • Where should we focus our attention for improvement?
    Benchmarking against peers
    • How does our control environment compare to our peers?
    • Are there areas where we are out of step with peers?
    • Where are our control gaps relative to peers?

    How to get involved

    We are currently working closely with our members to help shape the development of the Control Benchmarking Service. By getting involved at this stage, they have the opportunity to:

    • Influence the design of an industry-first service, helping to define how control benchmarking is delivered
    • Test and shape early concepts and outputs, ensuring they reflect emerging best practice and are practical to apply to real-world control challenges
    • Gain early insight into emerging industry practices, including how peers are structuring and assessing their control environments

    If you'd like to know more about the project, please get in touch.

    Project Timeline

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    Initial feasibility conversations

    March 2026

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    Further member conversations to help define service fundamentals

    May-June 2026

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    Technical feasibility work to confirm the platforms, tools, and access requirements needed

    May-June 2026

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    Creation of a Member Advisory Panel to help us shape and define the service

    June-July 2026

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    Working with members to develop proof of concept

    H2 2026

    Project contact
    Simon Johnson

    Simon Johnson

    Head of Services, ORX

    More on controls from ORX