Report

Insights into Material Risks 2022

An analysis of the trends identified in the 2022 ORX Scenarios Library

Service

ORX Scenarios

Community

ORX Scenarios Community

Risk programme

Management, Practice & Framework

Sections

Report - October 2022

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

Created using information shared by 55 financial organisations, the ORX Scenarios: Insights into Material Risks 2022 report gives you a global picture of scenario practice in 2022.

Download the report to:

Learn about the key trends in scenario practice
See how these compare to the wider operational risk landscape
Understand how scenario portfolios might develop in the future

ORX Scenarios subscribers can download the full report for our complete analysis. We've also made a summary version free to download.

Our analysis shows how institutions are continuing to focus on a similar set of core themes for operational risk scenarios to previous years. These include conduct, fraud and information security and cyber.

Conduct-related scenarios remain a top concern, with ORX Scenarios subscribers developing a wide range of conduct-related scenarios. These scenarios cover a variety of interrelated themes such as technological change, macroeconomic challenges, cost of living crises, staff attrition, hybrid working and regulatory change.

Information security (incl. cyber) is the second most common risk type in the scenario library, followed by transaction, processing and execution.

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