About ORX

The Operational Riskdata eXchange Association (ORX) is a not-for-profit industry association dedicated to advancing the measurement and management of operational risk in the global financial services industry.

ORX was founded in 2002 with the primary objective of creating a platform for the secure and anonymised exchange of high-quality operational risk loss data. Today ORX operates the world's leading operational risk loss data consortium for the financial services industry. The ORX Global Loss Database contains 236,526 operational risk loss events, each event over €20,000 in value, to a total value of €102 billion.

In addition to operating as an exchange for loss data ORX has become an important forum in the global financial services industry for the development of common operational risk standards, leading edge research and collective learning. ORX is committed, where issues of confidentiality do not prevent it from doing so, to making freely available its standards and research.

ORX is owned and controlled, on an equal basis, by its 60 member firms. The ORX Board of Directors is the key decision making body. The Board is made up of senior elected representatives from member firms:

Bank

Country

Board Director
Bank Austria- Member of UniCredit Group Austria Günther Helbok
Bank of America USA Robin Phillips
Bank of Ireland Group Ireland Glenn Calverley
Barclays Bank UK John Whittaker
BBVA Spain Antonio Lucio-Villegas Spillard
BMO Financial Group Canada Frank Tsiribis
BNP Paribas France Jean-Marie Savin
CBA (Commonwealth Bank of Australia) Australia Gary Dingley
Commerzbank AG Germany Joachim Pfeifer
Deutsche Bank AG Germany Robert Huebner
Euroclear SA/NV Belgium Emmanuelle Lhermitte
HSBC Holdings plc UK Matthew King
ING Group Netherlands Theo Van Zandvoort
Intesa SanPaolo Italy Giulio Mignola
JPMorgan Chase & Co. USA Beth Rudofker
Lloyds Banking Group UK David Grant
Royal Bank of Scotland Group UK Nigel Drury
SEB (Skandinaviska Enskilda Banken) Sweden Anders Nordlander 
Standard Chartered Bank Singapore Peter Knott
State Street Corporation USA Dan Roussell 
TD Bank Group (TDBG) Canada Steve Weinstein

The Board is supported by a Managing Board and the ORX Secretariat.  ORX is incorporated in Zurich, Switzerland.

 

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