Forty-five global institutions participated in the research effort.
Philadelphia, Pa. (October 4, 2006)—The Risk Management Association (RMA) will hold a forum on November 9, 2006, to discuss the results of its Market Risk Survey on Trading Activities and Counterparty Risks. It will be held at The Coleman Center, 810 Seventh Avenue (52nd-53rd Streets.), in New York City.
This daylong program, which is open to all, will provide detailed insights into the current practices and planned development relating to the measurement and control of market risk in trading activities and counterparty credit risks.
In addition to the survey results, there will be panel discussions by market risk practitioners and forward-looking observations from Mercer Oliver Wyman on Trading Activities and SunGard/BancWare on technology and its role in counterparty credit risks.
“This has been a huge undertaking by both RMA and the participating institutions to gather, quantify, and analyze the best practices for Trading Activities and Counterparty Risks,” said Curtis Knight, RMA’s director of Market Risk and Securities Lending. “Attendees will find the results of the survey, and more importantly, the forum, to be valuable when benchmarking their institution to current best practices. The survey results will also be helpful when discussing areas of need with management and showing regulators where the institution stands in relation to the industry”.
Forum attendees will receive a copy of the survey results at the forum. They will later be mailed a copy of the detailed final report, which will be compiled by geographical locations (North America, Europe, Asia, etc) with a breakout of leading practices in trading activities and counterparty risks.
A copy of the brochure with the forum agenda and registration information is available on RMA’s Web site, www.rmahq.org/RMA/MarketRisk.
If you have any questions, please contact Fran Garritt, manager, Market Risk, at 215-446-4122.
About RMA
Founded in 1914, the Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk.
Headquartered in Philadelphia, Pennsylvania, RMA has 3,000 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the association by 17,000 risk management professionals who are chapter members in financial centers throughout North America, Europe, and Asia/Pacific. Visit RMA on the Web at www.rmahq.org.
Contact:
Kathie Beans
RMA Public Relations Manager
215-446-4095