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Updates and Insights on operational risk management from the leading operational risk association in the financial services sector.
Latest insights into risk quantification practices
The ORX Operational Risk Podcast
11 minutes 3 seconds
10 months ago
Latest insights into risk quantification practices
In this episode, Sarah Astill and Martin Monakhov explore the key headlines from our recent paper on risk quantification practices. They discuss how financial firms are approaching focus on four key risk areas – cyber risk, third-party risk, climate risk, and risks associated with AI. The episode looks at commonalities in how organisations are quantifying risks (for example, using a scenario-driven approach), the challenges faced and how firms are approaching event categorisation.
The Risk Quantification Practices Paper 2024 is available to all ORX members to download on our website at: https://orx.org/resource/risk-quantification-practices-paper-2024
To find out more about ORX Membership, ORX premium services, and access other operational risk resources, just search ‘ORX’ or visit: www.orx.org
The ORX Operational Risk Podcast
Updates and Insights on operational risk management from the leading operational risk association in the financial services sector.