![]() ![]() For example: if the 525 or 625 signal is received from an SDI video transmitter OTX 1812. Therefore when the ORX 1702-1 is used for 525 or 625 SDI video sources it is possible to convert the signal to an analog NTSC or PAL composite output directly. The module receives an SDI signal (including reference and other relevant information) before it is converted to an analog signal. Unlike other very basic analog to fiber conversion solutions, the ORX 1702-1 incorporates technology to maintain a very high degree of sync and burst phase stability during the fiber reception and analog conversion. This device is particularly useful for reference sync distribution between remote installations to maintain correct synchronization. When paired with the fiber optic transmitter OTX 1712-2 you have a very cost-effective optical transmission system for analog sync reference signals or NTSC/PAL composite video. This device is specifically designed to combat the restrictions involved with the distribution of broadcast quality analog reference and composite video signals over long distances. The ORX 1702-1 is a compact analog sync or NTSC/PAL composite video to fiber optic receiver. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies. The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. With offices in 60 cities across 29 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. Oliver Wyman is a global leader in management consulting. Company registration number: CHE-109-982-492 We currently have 97 members institutions from more than 20 countries. ORX is a not-for-profit industry association, incorporated in Geneva, Switzerland, owned and managed by our members. Alongside this we run an extensive risk management and measurement research programme, and hold events around the world. We’ve developed a range of solutions focused on managing and measuring operational risk, and helping organisations become less vulnerable to losses. By sharing ideas, information and experience, we help the industry improve their understanding of operational risk. Through our membership, we bring together a global community of experts to enhance operational risk management in financial services. ORX is the world’s leading operational risk association for the financial sector. The updated reference operational risk taxonomy is set to be released for banks and insurance companies to utilise in the Autumn of 2019. Additionally, the work involves deep dives into certain risks, providing extra explanation into complex and topical areas such as cyber and conduct risk.Įvan Sekeris, Partner in the Financial Services practice of Oliver Wyman said: “ Adapting and future-proofing this foundational element is critically important to address the realities of the current operational risk landscape which has significantly evolved since the early 2000s when the original Basel 2 taxonomy was designed.”Ĭommenting on the project, ORX’s Chairman, Mark Cooke, who is also Group General Manager of HSBC, said: “This is the most important structural development in operational risk management for 15 years.” Oliver Wyman is supporting ORX and global financial institutions to create an updated taxonomy but going deeper to “Level 2” risks. In late 2018, ORX launched its “Level 1” reference taxonomy. For example, the event view fails to precisely capture some of the most critical current concerns such as cyber.” Luke Carrivick, Head of Research and Information at ORX said: “Organisations were telling us that the operational risk landscape has evolved to the point that the event-driven Basel taxonomy wasn’t fully supporting their risk management activities. This work began as a response to leading banks and insurance firms calling for ORX to help modernise and standardise the way operational and non-financial risk is categorised, analysed and reported. ORX and Oliver Wyman are using the latest analytics techniques to develop a more up-to-date reference taxonomy, pulling together taxonomies of 50+ financial institutions from across the globe into a reference view. LONDON and NEW YORK, NY - The world’s largest operational risk association, ORX, is collaborating with leading global management consultancy, Oliver Wyman, to enhance a reference risk taxonomy that is relevant for today’s changing financial services industry.
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