Simon Johnson, Esther Renfrew and Maddy Beckett from ORX discuss the value of the three lines of defence (3LOD) model in operational risk management. This follows the publication of the ORX Practice Benchmark on enhancing the 3LOD model, released earlier this year.

They explore what the 3LOD is meant to achieve and it's benefits. They also discuss how our benchmark study shows it's working in practice, what challenges organisations face when implementing it and how views of the model differ across the three lines.

Our members can access the Practice Benchmark for free on our website, and non-members can purchase a copy: https://managingrisktogether.orx.org/research/three-lines-defence-practice-benchmark

In this episode, Melanie Lavallin and Steve Bishop discuss the current risk management landscape and the challenges facing cyber and information security risk managers today.

They touch on the impact of the pandemic and digitalisation, and look at the work ORX has carried out so far on cyber and information security risk. 

They then discuss how our new service, ORX Cyber, can help financial organisations overcome the challenges they face in this area through collecting and sharing data, building a community, helping organisations understand their risk exposure and research studies.

Find out more about ORX Cyber and download the resources here: https://managingrisktogether.orx.org/orx-cyber

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.

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-2020

Find out more about ORX Scenarios here: https://managingrisktogether.orx.org/orx-scenarios

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 discussion is based on the outcomes and findings of work ORX did with a group of their member financial organisations to see how operational risk teams in the finance sector were responding to the pandemic. The report looks at what went well, what could have been improved and identifies key learnings. Download the free report here: https://managingrisktogether.orx.org/research/coronavirus-first-lessons.

Simon Wills, Luke Carrivick of ORX and Mark Cooke of HSBC discuss the operational risk industry's response to the coronavirus pandemic.

The discussion is based on the outcomes and findings of work ORX did with a group of their member financial organisations to see how operational risk teams in the finance sector were responding to the pandemic. The report looks at what went well, what could have been improved and identifies key learnings. Download the free report here: https://managingrisktogether.orx.org/research/coronavirus-first-lessons.

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.

In response to the coronavirus (Covid-19) outbreak, ORX Scenarios have produced a pandemic Scenario Development Handbook to support the development of pandemic scenarios in financial institutions. This handbook provides practical guidance on preparation, assessment, and governance for pandemic scenarios, summarising the views from recent discussions with the ORX Scenarios community from over 50 institutions across the globe.

Download the handbook for free here: https://managingrisktogether.orx.org/coronavirus/scenario-development-handbook-pandemic

You can find out more about ORX Scenarios on our website: https://managingrisktogether.orx.org/orx-scenarios