EBA Risk Event Taxonomy – What It means for financial institutions

About this episode

The episode discusses the significance of the EBA's Operational Risk Event Taxonomy for financial institutions and compares it to ORX's taxonomy.

In this episode of the ORX Podcast, host Steve Bishop is joined by Luke Carrivick and John Bosnell to unpack the European Banking Authority’s (EBA) newly published Operational Risk Event Taxonomy. They explore why this update is so significant for financial institutions and how it compares to our own ORX Operational Risk Taxonomy. The episode highlights ORX’s role in shaping the taxonomy, the practical implications for firms already using our taxonomy, and how new attributes like legal, third party, and ESG risks enhance risk categorisation. Topics covered: Challenges and opportunities of the EBA taxonomy How ORX responded to the new EBA Practical advice for firms preparing for the transition Ongoing ORX risk standards for the global industry, including for 2026 Below are links to further resources referenced in the podcast. Read our blog on ‘ORX responds to EBA taxonomy proposal’ on our website, where it's accessible to all. You can visit it here: https://orx.org/blog/orx-responds-to-eba-taxonomy-proposal For further information regarding our EBA resources or the ORX Risk Event Taxonomy, both available exclusively to ORX members, please refer to the links provided below: Blog…

People in this episode

Host: Steve Bishop

Guests: Luke Carrivick, John Bosnell

Topics covered

• EBA Risk Event Taxonomy
• Operational Risk
• Financial Institutions
• Risk Categorisation
• ORX Taxonomy
• Transition Preparation

Keywords

• EBA
• Operational Risk Event Taxonomy
• financial institutions
• risk categorisation
• ORX
• legal risks
• third party risks
• ESG risks

Mentioned in this episode

Organizations: European Banking Authority, ORX

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