Report

Operational Risk Horizon 2025

Insights and analysis of the most significant operational risk threats

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Report - January 2025

Explore our in-depth analysis of the leading emerging operational risks facing financial firms with the ORX Operational Risk Horizon report.

The 2025 Operational Risk Horizon report provides a thorough examination of the primary operational risk concerns for financial firms over the next 12 to 36 months. More than 47 leading banks, insurance and asset management firms from around the world participated in this study, providing industry insights and information you can't get elsewhere.

The full report is now available for all ORX members and ORX Lite subscribers to download.

firms surveyed

emerging risks

topics in focus

Benchmarking

Use this report to benchmark your firm's views on emerging risks against the rest of the industry, as well as consider how they could impact your current risk profile.

Insights

Our in-depth analysis of emerging risk factors highlights specific insights from member firms, including region, industry, or firm-specific observations. These insights can be used to help shape future risk management initiatives and activities.

Risk drivers and impacts

Our detailed appendices include lists of risk drivers and impacts for each emerging risk category. Use these resources to help understand your emerging risks and the risk management activity you may need to undertake.

Part one: emerging risk categories and factors

Emerging risk categories and associated factors of greatest concern over the next
12-36 months. Appendix 1 of the report features a comprehensive overview
of the specific drivers and concerns for each category as well as key actions
being taken to address these.

Part two: the external macroenvironment

An in-depth examination of the external factors that firms perceive as having
the greatest potential to both shape and detrimentally affect the evolving risk
landscape. Appendix 2 of report features a list of management actions
currently underway across firms to mitigate risks and enhance resilience across
each of these categories.

Part three: topics in focus

Additional analysis on some of the headline findings. For a comprehensive view of the survey results only (no analysis), see the supporting information document published alongside this report.