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ORX Scenarios


ORX Scenarios Community

Risk programme

Management, Practice & Framework

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.

"Conduct, information security (incl. cyber), and transaction processing are among the key trends identified over the last year."

ORX Scenarios: Insights into Material Risks 2022

Headline trends in the 2022 library

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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The full Insights into Material Risks is only available to ORX Scenarios subscribers

If your firm subscribes to ORX Scenarios, log in or register to read the full report.

Log into the ORX website

Not a subscriber? Download the summary version for further insights.

Download the summary

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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

Maddy Beckett

Maddy Beckett

Research Assistant Manager, ORX


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