Top Risk Review H1 2025
Insights and analysis of the top material risks for banks and insurers
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Risk Landscape
Report - May 2025
The H1 2025 Top Risk Review provides insights into the key current top operational risks facing the financial services industry.
194 respondents from 86 financial firms took part in the survey.
Our latest Top Risk Review finds high overall score increases across the material risk landscape, but the risk rankings remain stable. This is primarily driven by the external environment, in particular geopolitical and regulatory uncertainties, as well as technological developments. As such, the report focuses throughout on how artificial intelligence (AI) and geopolitical factors are impacting across the risk profiles.
ORX members and subscribers to ORX Lite can log in to download the report and read the findings in full.

194
survey participants

16
material risk categories

2
in focus topics
“90%* of respondents believe their personal scores align with their organisation's risk assessments."
Top Risk Review H1 2025
*87% in our Top Risk Review H2 2024
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This report is available to all ORX members and ORX Lite subscribers
If your firm is a member of ORX or an ORX Lite subscriber, log in or create an account to access the report.
Not a member or subscriber? Talk to us today to discuss how you could join the ORX community.
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Contacts:

Steve Bishop
Research and Information Director, ORX

Emilie Odin
Senior Research Manager, ORX

Stanca Oproiu
Assistant Research Manager, ORX