Updates and Insights on operational risk management from the leading operational risk association in the financial services sector.
Developing a new taxonomy for today’s operational risk landscape
Luke Carrivick and Steve Bishop from ORX and Thomas Ivell from Oliver Wyman discuss the development of their recently published cause and impact taxonomy and why a new taxonomy for operational and non-financial risk was needed.Visit https://managingrisktogether.orx.org/operational-risk-taxonomy to download the complete ORX Reference Taxonomy (including event types and causes and impacts) for free.
The ORX Operational Risk Podcast: The latest trends in operational risk scenarios with the ORX Scenarios Team.
Each year, following the annual scenario submissions, we produce a report exploring the trends and changes seen in the ORX Scenarios library. In this webinar, the ORX Scenarios team discuss the key trends seen in this year's library (focusing on conduct and business disruption) and how these trends vary by region. They also look at the impact of the coronavirus pandemic on operational risk scenario practice. The full version of this report is available exclusively to firms that subscribe to ORX Scenarios, but we've also created a free highlights report that you can download here: https://managingrisktogether.orx.org/operational-risk-research/orx-scenarios-insights-material-risks-2020Find out more about ORX Scenarios here: https://managingrisktogether.orx.org/orx-scenarios
Lessons from the Industry’s Response to the Coronavirus Pandemic. Part 2
Simon Wills and Luke Carrivick of ORX and Mark Cooke from HSBC continue their discussion of the Operational Risk industry's response to the coronavirus pandemic.
The ORX Operational Risk Podcast; lessons from the industry’s response to the coronavirus pandemic. Part 1.
Simon Wills, Luke Carrivick of ORX and Mark Cooke of HSBC discuss the Operational Risk industry's response to the coronavirus pandemic.
Developing operational risk scenarios for a pandemic
Join the ORX Scenarios team for insights on how to develop operational risk scenarios for a pandemic. This episode features a panel of experts from ORX who either work in the ORX Scenarios service or have experience with scenario programmes at financial firms.You can find out more about ORX Scenarios on our website: https://managingrisktogether.orx.org/orx-scenarios