Completed Study Now Available To All Institutions:
PHILADELPHIA, January 28 -- RMA, the international association of lending, credit and risk management professionals, has just published the first comprehensive study of operational risk and is offering the complete study to all financial institutions.
Operational Risk: The Next Frontier describes the best risk management techniques and identifies significant trends in risk management. Research was conducted among 50 financial institutions worldwide by the international consulting firm of PricewaterhouseCoopers. In addition to RMA, the study was also done in conjunction with the International Swaps and Derivatives Association and the British Bankers Association.
"This exciting new research represents a unique opportunity for all financial institutions," said Allen Sanborn, president and CEO of RMA. "In addition to suggesting alternative methods for managing operational risk, the study provides a methodology for approaching risk on an enterprise-wide basis. Followed judiciously, this study can help institutions reduce earnings volatility and augment shareholder value," he said.
Preliminary findings of the study were previewed in November and December in London and in New York.
"Now with the completed study, institutions, whether global or community based, can readily access the latest developments in operational risk management, its definition, measurement and management. Further, managers will be able to put their institutions on a path to see the steps they should likely follow," he said.
"We at RMA are particularly proud to have been the driving force behind this study. Not only is the study a valuable tool to risk managers but it is also a great value in terms of cost," he noted.
This fully bound edition of the complete study is available to members of RMA for $250 and nonmembers for $395. "This represents over a quarter million dollars worth of essential research, conducted by one the world's leading consulting and research organizations, for only $395 or $250," noted Sanborn.
To order a copy of Operational Risk: The Next Frontier or for additional information, contact RMA's Customer Relations Department at 1-800-677-7621.
RMA is the only financial services trade association that specializes in promoting prudent and effective credit risk management practices across the entire banking and lending spectrum for institutions of all sizes. Its membership consists of more than 3,000 financial service providers. These institutions are represented in the association by more than 18,000 commercial loan and credit personnel in 50 states, Puerto Rico, Canada and numerous foreign cities, including Hong Kong and Singapore.
For further information: Contact Pam Martin, Regulatory Relations and Communications, at 215-446-4092 or email pmartin@rmahq.org.