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Risk Landscape

Report - February 2026

Read our in-depth ORX Operational Risk Horizon report, analysing the key emerging operational risks facing financial firms.


The 2026 Operational Risk Horizon report provides a detailed view of the main operational risks that financial firms anticipate over the next 12 to 36 months.


With 47 leading institutions from around the world contributing to this study, you have access to exclusive insights and analysis you won’t find anywhere else.

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47 institutions taking part in the survey

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Emerging risk categories and factors

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Risk interconnectivity

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Horizon results

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Steve Bishop

Steve Bishop

Research and Information Director, ORX

Emilie Odin

Emilie Odin

Senior Research Manager, ORX

Natasha Smith-Craig

Natasha Smith-Craig

Assistant Research Manager, ORX

Lizzy Martin

Lizzy Martin

Assistant Research Manager, ORX

Abi Jones

Abi Jones

Assistant Research Manager, ORX