Skip to content


ORX Scenarios


ORX Scenarios Community

Risk programme

Management, Practice & Framework

Report - November 2023

Each year, following the annual scenario submissions, we produce a report exploring the trends and changes we can see in the ORX Scenarios Library. 

Developed using data and information shared by 65 financial institutions, the ORX Scenarios: Insights into Material Risks 2023 report provides a global picture of operational risk scenario portfolio trends. 

Download the report to:

  • Learn about the most material risk concerns identified in the ORX Scenario Library
  • Compare this year’s key scenario trends against the top trends identified in 2023 to understand evolutions in scenario priorities 
  • Understand how these trends compare to the wider risk landscape explored in recent ORX studies on material and emerging risks 
  • Consider the potential future direction of travel for operational risk scenario analysis 

ORX Scenarios subscribers and ORX members can download the full report for our complete analysis. If you're not a member or subscriber then you can download a free summary.

"The 2023 Library now contains more than 20 new scenarios classified under ORX’s scenario categories of climate change-related physical and transition risk events. These reflect the increased regulatory and societal focus on climate change concerns."

ORX Scenarios: Insights into Material Risks 2023

Gated content start

This report was produced by ORX Scenarios.

Want to read this resource?

ORX Scenarios subscribers and members of ORX can log in to read the full report.

Log into the ORX website

Not a member or subscriber? Find out more about ORX Scenarios and ORX Membership.

Gated content stop


Disclaimer: ORX has prepared this resource with care and attention. ORX does not accept responsibility for any errors or omissions. ORX does not warrant the accuracy of the advice, statement or recommendations in this resource. ORX shall not be liable for any loss, expense, damage or claim arising from this resource. The content of this resource does not itself constitute a contractual agreement, and ORX accepts no obligation associated with this resource except as expressly agreed in writing. ©ORX 2024


Simon Johnson

Simon Johnson

ORX Scenarios Senior Manager, ORX

Robert Reay-Jones

Robert Reay-Jones

Research Manager, ORX

Helen L’Abbate

Helen L’Abbate

Head of Services, ORX

Mia Davies

Mia Davies

Junior Research Analyst, ORX


Scenario practice made easy with ORX Scenarios

Find out more about ORX Scenarios