Episode
EBA Risk Event Taxonomy – What It means for financial institutions
- Published
- Dec 9, 2025
- Duration seconds
- 1295
- Processing state
not_requested
Actions
POST https://stenobird.com/v1/public/podcasts/the-orx-operational-risk-podcast-744245/episodes/eba-risk-event-taxonomy-what-it-means-for-financial-institutions/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/the-orx-operational-risk-podcast-744245/eba-risk-event-taxonomy-what-it-means-for-financial-institutions.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
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: https://orx.org/blog/orx-responds-to-eba-taxonomy-proposal Reference Taxonomy: https://orx.org/operational-risk-reference-taxonomy Taxonomy guidance: https://orx.org/blog/orx-reference-taxonomy-guidance-enhanced-for-2023 The podcast also highlights our ORX libraries, which are accessible to ORX members via the links provided below: Reference Control Library: https://orx.org/resource/orx-reference-control-library Reference Risk Indicator Library: https://orx.org/resource/reference-risk-indicator-library Reference Process Service Library: https://orx.org/resource/orx-reference-process-service-libr…