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Project status

Registration open

Open to

All ORX members

Service

ORX Membership

Participation

One submission per firm

About the study

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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

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Registration open

Late October 2025

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Survey open

November 2025

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Survey closes

December 2025

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Analysis and report writing

December 2025 - January 2026

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Report published

Late January 2026

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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.

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Not an ORX member? Talk to us today to discuss how you could join the ORX community.

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Get in touch

For more information on the project or to find out how you can take part, please get in touch with us.