OpRisk Europe: Revised ORX reporting standards due imminently

Balancing the books - collateral management
ORX has been working to rationalise reporting standards documents

The Operational Risk data eXchange (ORX) has finalised updated reporting standards, according to Simon Wills, executive director of the consortium. Wills says the standards should be published before June 17.

Earlier in the week, Günther Helbok, head of operational risk and risk integration at Bank Austria, spoke at the OpRisk Europe conference in London to discuss the incoming standards. Helbok led the working group on definitions through what he describes as "a long and burdensome exercise" of

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