Operational Risk Horizon 2026
Which emerging risks are top of agenda for financial firms? Join the industry-wide study today.
Project status
Registration open
Open to
All ORX members
Service
ORX Membership
Participation
One submission per firm
About the study
Register today to take the survey
The risk landscape is shifting fast – driven by global instability and rapid advances in AI. The Operational Risk Horizon study gives you a clear, industry-validated view of the top emerging risks facing financial firms over the next 12-36 months.
Because the risk environment is evolving so rapidly, we revisit this study each year. Annual participation helps you stay aligned with the latest changes and anticipate future challenges.
The Operational Risk Horizon provides a comprehensive view of emerging risks and how they interconnect. Use it to check you're focusing on the right areas, plan strategically and benchmark against a global network of peers.
“The report is used to inform our internal emerging risk exercise, update governance forums on horizon risks and industry trends and for discussion as part of the RCSA."
How our community use the Operational Risk Horizon
“We share the report broadly, bring it to governance, share with management, compare to our risk profile and use ideas for reporting and deep dives”
How our community use the Operational Risk Horizon
“The report is incorporated into insights briefing packs that are shared with senior management.”
How our community use the Operational Risk Horizon
“We use it in our scenario program and to challenge the forward-looking elements in the current risk profile”
How our community use the Operational Risk Horizon
Why join the Operational Risk Horizon study?
Benefits of taking part
- Benchmark your emerging risk analysis against industry peers
- Identify blind spots and strengthen your mitigation plans
- Enhance strategic planning with forward-looking insights that support scenario development and prioritisation
- Collaborate with a global community of risk professionals facing similar challenges and opportunities
What you’ll gain
- Greater clarity with a comprehensive view of emerging risks within financial services
- Foresight with insights into macro trends and risk drivers shaping the next 2-3 years
- Stronger impact with practical input that helps you shape scenario analysis and resilience planning discussions
“The Horizon Study is an opportunity to share perspectives and gain clarity on the most pressing risk drivers.”
ORX member firm
What we’ll ask you
We've simplified the survey slightly this year, with participants providing details on:
- Their organisation's greatest emerging risk concerns across risk categories and underlying factors.
- Key topics in focus: TBC
To help align approaches, definitions and guidance will be provided at the start of the survey, please review this carefully before completing.
How to take part
In this popular study, participants complete an online survey designed to capture perspectives on emerging risk categories and factors at the forefront of industry thinking.
- Each organisation submits one response for an institutional view of emerging risks
- Register below to take part and your firm will be sent a unique survey link
Project Timeline
Registration open
Late October 2025
Survey open
November 2025
Survey closes
December 2025
Analysis and report writing
December 2025 - January 2026
Report published
Late January 2026
Gated content start
This study is open to ORX members only
Interested in finding out more?
If your firm is an ORX member, log in or register to take part in this study.
Not an ORX member? Talk to us today to discuss how you could join the ORX community.
Gated content stop
Latest related resources
Get in touch
For more information on the project or to find out how you can take part, please get in touch with us.

