Material risk in focus

Regulatory Compliance

A deep dive into Regulatory Compliance risk, based on information from the Top Risk Review H2 2026

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Material risk in focus - November 2026

Scores for Regulatory Compliance have continued to fall from their recent peak in H1 2025, with the largest drop since then seen in Europe.

Concern around Regulatory Compliance reaches all-time low, amid growing supervisory focus on AI

This suggests that regulations in this region, such as DORA and operational resilience requirements in the UK, may now have transitioned from implementation to being embedded.

About the ORX Top Risk Reviews

The Top Risk Reviews bring together industry views on current risk priorities in financial services. Drawing on input from risk professionals across the ORX community, these twice-yearly studies help firms understand how the risk landscape is evolving and benchmark their thinking against their peers. The Top Risk Reviews use the Level 1 risks from the Event Type Operational Risk Taxonomy.

Explore the Top Risk Review H2 2026