NEW YORK and LONDON, May 11 /PRNewswire/ -- The Global Association of
Risk Professionals (GARP) is pleased to announce that its Financial Risk
Manager (FRM(R)) program has set another record for FRM candidate
With the Early Registration period ending Monday, April 30th, GARP
registered 6,351 candidates for its 2007 FRM examination which is to be
held on Saturday, November 17th across the world. This represents an 18%
increase over the number of Early Registrants in 2006. The FRM program's
Standard Registration period will expire on August 31st, with Late
Registration ending October 15th.
"The material increase in the number of FRM candidates this year and
the FRM program's tremendously strong growth since its inception is
representative of its benchmark status among financial institutions and
financial risk professionals worldwide", said Richard Apostolik, GARP
President and CEO. "The program's practice-orientated approach and subject
area coverage as determined by the FRM Committee, which oversees the
program and which consists of some of the world's most respected global
risk management practitioners, has been very successful in establishing
globally accepted standards for financial risk managers".
To date 10,683 individuals across the world have earned the right to be
called a certified Financial Risk Manager.
Since the FRM program's introduction in 1997, its year-over-year growth
has been dramatic both in terms of total registrants and global acceptance.
In 2006, 287 of the world's most prestigious organizations and regulatory
bodies were represented by at least 5 or more candidates for the 2006 FRM
exam. A total of 2,570 organizations from over 135 countries around the
globe were represented by 2006's 8,077 FRM candidates.
"This is a wonderful development. It proves once more that risk
managers throughout the world have come to regard the FRM as the standard
that must be met by those who want to practice their profession. This
success shows that the FRM committee has been highly successful in
developing, with a complete absence of conflicts of interest, an
examination that reflects its high standards", commented Dr. Ren� Stulz,
Chairman of the GARP FRM Committee and the Everett D. Reese Chair of
Monetary Economics at The Ohio State University.
The Global Association of Risk Professionals (GARP) is a not-for-profit
independent association of over 60,000 risk management practitioners and
researchers representing banks, investment management firms, government
agencies, academic institutions, and corporations from more than 135
countries worldwide. It also administers the Financial Risk Manager
(FRM(C)), the world's premier certification for the financial risk
professional. GARP's mission is to be the leading professional association
for risk managers, managed by and for its members dedicated to the
advancement of the risk profession through education, training and the
promotion of best practices globally. www.garp.org
Contact: Greg Winsper
Global Association of Risk Professionals
SOURCE The Global Association of Risk Professionals (GARP)