Orx Association

ORX is the leading operational and non-financial risk management association in financial services. Our vision is to ensure financial institutions are resilient and prepared, helping safeguard the global economy. We were set up in 2002 by a small group of banks to enable confidential loss data exchange. Now, we work with over 130 financial services organisations worldwide. Through ORX, our community can access industry-leading research, benchmarking and loss data. All of which support proactive risk management and develop best practice. Our community includes banks, insurance and reinsurance firms and asset and wealth managers. Our success rests on three pillars: Community & Collaboration: ORX is built on sharing and working together. Through ORX, our community shares insights, knowledge and data. Working together, we overcome challenges and improve practice. Data & Standards: Consistent standards and high-quality data are the cornerstones of good operational and non-financial risk management. We develop standards for the industry and provide our community with vital operational risk data. Developing Solutions: The risks faced by financial firms are continually evolving in today’s fast-changing landscape. That’s why we’re constantly innovating and developing new solutions and approaches. Membership and services: ORX Membership: Operational risk loss data, resources and community ORX News: Global operational risk events at your fingertips. ORX Scenarios: Tools, resources, and community support for scenario practice. ORX Cyber: Data, insights, and information tailored for the second line. ORX Lite: Essential operational risk insights, tools, and community connections. Our award-winning reference operational risk taxonomies and libraries are also available for a one-off purchase. Visit to learn more about ORX Membership and our other services.