The ORX Operational Risk Podcast

ORX News top 5 operational risk losses of June 2023 and part two of the challenges firms are facing when implementing their risk management framework

Listen to this episode of the ORX Operational Risk Podcast to hear the ORX News team cover the five largest operational risk losses of June 2023 and conclude the two-part series covering the challenges surrounding data quality, systems, and the use of data for risk oversight, as well as touch on the importance of sufficient levels of adequately trained staff – all stemming from the launch of ORX’s Risk Management Working Group.

You can find the top 5 operational risk losses discussed in this episode, along with all previous top 5s, on our website at: https://orx.org/blog/top-5-orx-news-losses-q2-2023

You can also find out more about our Risk Management Community and Working Group on our website here: https://orx.org/community/risk-management

ORX News subscribers can read more on the stories covered in this episode via the ORX News website at: https://news.orx.org/node/7095, https://news.orx.org/node/7201, https://news.orx.org/node/11483, https://news.orx.org/node/11743 and https://news.orx.org/node/10630.

Please note that there is another episode of the ORX Operational Risk Podcast to be released this month, which covers the launch of the ORX Risk Indicator Library – so make sure to give that a listen too!

To find out more about ORX News, ORX Membership, and access other operational risk resources, just search ‘ORX’ or visit: www.orx.org

 

ORX News learnings from Crypto report and highlights of DORA discussion session

Listen to this re-released episode of the ORX Operational Risk Podcast to hear the ORX News team discuss the learnings from their Crypto: an op risk overview and timeline report, and cover highlights of a session hosted by the ORX Cyber team on the Digital Operational Resilience Act (DORA) – illustrating some of the main discussion points and linking them to relevant news stories.

ORX News subscribers can read more on the stories covered in this episode via the ORX News website at: https://news.orx.org/node/11706, https://news.orx.org/node/11615, https://news.orx.org/node/11305 and https://news.orx.org/node/7095

ORX members can also view a summary of the ORX and Oliver Wyman panel discussion on the Digital Operational Resilience Act (DORA) here: https://orx.org/blog/orx-oliver-wyman-panel-discussion-on-dora

Please note that ORX podcasts are taking a break for the summer and will be back again in September.

We wish you all a wonderful summer and hope that you can join us again next time!

To find out more about ORX News, ORX Membership, and access other operational risk resources, just search ‘ORX’ or visit: https://orx.org/

ORX News top 5 operational risk losses of May 2023 and part one of the challenges firms are facing when implementing their risk management framework

Listen to this episode of the ORX Operational Risk Podcast to hear the ORX News team cover the five largest operational risk losses of May 2023 and part one of a two-part series covering the challenges surrounding the three lines of defence model, governance, and risk culture, all stemming from the launch of ORX’s Risk Management Working Group – illustrating some of the main discussion points with relevant news stories.

You can find the top 5 operational risk losses discussed in this episode, along with all previous top 5s, on our website at: https://managingrisktogether.orx.org/orx-news/top-5-orx-news-losses-q2-2023

ORX News subscribers can read more on the stories covered in this episode via the ORX News website at: https://news.orx.org/node/11309, https://news.orx.org/node/11585, https://news.orx.org/node/11737, https://news.orx.org/node/11563 and https://news.orx.org/node/11743 

ORX members can also find out more about our Risk Management Community and Working Group on our member-only website here: https://members.orx.org/communities-groups/risk-management-community

Please note that there is another episode of the ORX Operational Risk Podcast this month, which covers some of the key learnings from our recent work on stress testing conducted for the ORX Analytics Community – so make sure to give that a listen too!

To find out more about ORX News, ORX Membership, and access other operational risk resources, just search ‘ORX’ or visit: www.orx.org

Key learnings about the global stress testing landscape

Listen to this episode of the ORX Operational Risk Podcast to hear some of the key learnings from our recent work on stress testing conducted for the ORX Analytics Community. Learn what the key challenges are, some best practice ideas, and three key elements stress tests should have.

ORX members get free access to the full report produced from this work where we outline the stress testing landscape as it relates to operational risk, including common practice, key challenges, and the path forward. It can be accessed via our member-only website here: https://members.orx.org/orx-publications/overview-stress-testing-landscape-operational-risk

We’re also making a public summary available on our website soon and we’ll update these show notes with a link when it becomes available.

Please note that there is another episode of the ORX Operational Risk Podcast this month, which covers the ORX News top 5 operational risk losses of May 2023 and an overview of the challenges surrounding the three lines of defence model, governance, and risk culture, all stemming from the launch of ORX’s Risk Management Working Group – so make sure to give that a listen too!

To find out more about ORX Membership, ORX premium services, and access other operational risk resources, just search ‘ORX’ or visit: www.orx.org

ORX LeadersConnect Live 2023 – a summary of the event

In this episode of the ORX Operational Risk Podcast, we cover the learnings from our recent LeadersConnect Live 2023 event, where we bring Heads of Operational Risk or Non-Financial Risk together from across the world. Hear what key risk topics were discussed that are impacting the industry today.

ORX members can view a more detailed summary of the event via our member-only website here: https://members.orx.org/latest-news/summary-discussions-this-years-leadersconnect-live

Please note that there is another episode of the ORX Operational Risk Podcast this month, which covers the ORX News top 5 operational risk losses of April 2023, findings from a recently published Crypto report and highlights of the ORX/Oliver Wyman panel discussion on the Digital Operational Resilience Act (DORA) – so make sure to give that a listen too!

To find out more about ORX Membership, ORX premium services, and access other operational risk resources, just search ‘ORX’ or visit: https://managingrisktogether.orx.org/

 

ORX News top 5 operational risk losses of April 2023, findings from Crypto report and highlights of DORA discussion session

In this episode of the ORX Operational Risk Podcast, the ORX News team take a look at the five largest operational risk losses of April 2023, discuss findings from the recently published Crypto: an op risk overview and timeline report, and cover highlights of a recent session hosted by the ORX Cyber team on the Digital Operational Resilience Act (DORA) – illustrating some of the main discussion points and linking them to relevant news stories.

You can find the top 5 operational risk losses discussed in this episode, along with all previous top 5s, on our website at: https://managingrisktogether.orx.org/orx-news/top-5-orx-news-losses-q2-2023

ORX News subscribers can read more on the stories covered in this episode via the ORX News website at: https://news.orx.org/node/11706, https://news.orx.org/node/11615, https://news.orx.org/node/11305 and https://news.orx.org/node/7095

ORX members can also view a summary of the ORX/Oliver Wyman panel discussion on the Digital Operational Resilience Act (DORA) here: https://members.orx.org/latest-news/orx-oliver-wyman-panel-discussion-digital-operational-resilience-act

Please note that there is another episode of the ORX Operational Risk Podcast this month, which covers some of the outcomes from our recent LeadersConnect Live 2023 event – so make sure to give that a listen too!

To find out more about ORX News, ORX Membership, and access other operational risk resources, just search ‘ORX’ or visit: https://managingrisktogether.orx.org/

ORX News top 5 operational risk losses of March 2023 and a deep dive into the collapse of Credit Suisse and Silicon Valley Bank

In this episode of the ORX Operational Risk Podcast, the ORX News team take a look at the five largest operational risk losses of March 2023 and a deep dive into the collapse of Credit Suisse and Silicon Valley Bank (SVB). With an operational risk perspective, they talk about risk culture, governance, the role of social media, and UBS’s takeover of Credit Suisse. For SVB, they also look into market and interest rate issues and the possible changes to the regulatory landscape for “smaller” banks.

You can find the top 5 operational risk losses discussed in this episode, along with all previous top 5s, on our website at: https://managingrisktogether.orx.org/orx-news/top-5-orx-news-losses-q1-2023

ORX News subscribers can read the full In Focus articles for further details about the collapse of Credit Suisse and SVB, including a timeline of events on the ORX News website here: https://news.orx.org/node/11636 and https://news.orx.org/node/11682

ORX members can also read the In Focus articles on the collapse of Credit Suisse and SVB here: https://members.orx.org/orx-news/orx-news-focus-collapse-credit-suisse and https://members.orx.org/orx-news/orx-news-focus-collapse-silicon-valley-bank 

Please note that there is another episode of the ORX Operational Risk Podcast this month, which covers some of the key findings and outcomes from our recently published Operational Risk Horizon 2023 report – so make sure to give that a listen too!

To find out more about ORX News, ORX Membership, and access other operational risk resources, just search ‘ORX’ or visit: https://managingrisktogether.orx.org/

Key findings from the ORX Operational Risk Horizon 2023 report

In this episode of the ORX Operational Risk Podcast, we take a look at some of the key findings and outcomes from our recently published Operational Risk Horizon 2023 report. For the past five years, our annual Operational Risk Horizon study has been canvassing industry opinion on the most significant, emerging operational and non-financial risks. This year, the report examines the main emerging risks, but also at the external macroenvironment factors influencing these, as well as delving down into the top emerging risks areas.

ORX members get free access to the Operational Risk Horizon 2023 report via our member-only website here: https://members.orx.org/orx-publications/operational-risk-horizon-2023. It is also accompanied by an interactive visualisation that allows members to explore the emerging risk factors, particularly their interconnected nature.

The Operational Risk Horizon 2023 report and visualisation are also available for any firm to purchase, and can be done so via this page on our website: https://managingrisktogether.orx.org/insights-resources/operational-risk-horizon-2023. You can find out more about this year’s study and report on this page too.

Please note that there is another episode of the ORX Operational Risk Podcast this month, which covers the ORX News top 5 operational risk losses of March 2023 and a deep dive into the collapse of Credit Suisse and Silicon Valley Bank – so make sure to give that a listen too!

To find out more about ORX Membership, ORX premium services, and access other operational risk resources, just search ‘ORX’ or visit: https://managingrisktogether.orx.org/

ORX Scenarios: Greenwashing Scenario Toolkit

In this episode of the ORX Operational Risk Podcast, the ORX Scenarios team take a look at the most recent publication in the ORX Scenarios service – the Greenwashing Scenario Toolkit, which is a step-by-step guide to creating a greenwashing scenario and builds on previous work that ORX has done in the climate space. The team cover why they chose to focus on greenwashing, why this handbook, and how it’s different to previous ORX Scenarios handbooks.

The Greenwashing Scenario Toolkit is also available for non-subscribers to purchase by booking a 15-minute call with us to discuss options for purchasing which can be done via this page: https://engage.orx.org/call/orx-greenwashing-scenario-toolkit-2023. 

You can also explore our available resources from the ORX Scenarios service here: https://managingrisktogether.orx.org/orx-scenarios

Please note that there is another episode of the ORX Operational Risk Podcast that has been released this month, which covers the ORX News top 5 operational risk losses of February 2023 and a focus on key findings from the 2022 Year in Review report – so make sure to give that a listen too!

To find out more about ORX Scenarios, ORX Membership, and access other operational risk resources, just search ‘ORX’ or visit: https://orx.org

ORX News top 5 operational risk losses of February 2023 and a focus on key findings from the 2022 Year in Review report

In this episode of the ORX Operational Risk Podcast, the ORX News team take a look at the five largest operational risk losses of February 2023 and discuss the key findings from the 2022 Year in Review report. They also cover the impact of trade finance fraud by looking at two separate stories reported by the ORX News team, including the recent cases involving Trafigura and HSBC.

You can find the top 5 operational risk losses discussed in this episode, along with all previous top 5s, on our website at: https://managingrisktogether.orx.org/orx-news/top-5-orx-news-losses-q1-2023

ORX News subscribers can read the full Year in Review 2022 report on the ORX News website here: https://news.orx.org/node/11565

ORX News subscribers can also read more on the stories covered in this episode via the ORX News website at: https://news.orx.org/node/11566, https://news.orx.org/node/9403 and https://news.orx.org/node/10797

Please note that we have another episode of the ORX Operational Risk Podcast being released for this month, focusing on our most recent publication for the ORX Scenarios service, the Greenwashing Scenario Development Handbook, which tackles a key industry priority on how to develop a scenario on the complex and highly topical climate change-related transition risk of greenwashing – so keep a look out for this!

To find out more about ORX News, ORX Membership, and access other operational risk resources, just search ‘ORX’ or visit: https://managingrisktogether.orx.org/