Registrations for the Financial Risk Manager (FRM(R)) Program Hits an All-Time High for 2007

    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.
     About GARP
     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.
     Contact: Greg Winsper
     Global Association of Risk Professionals
     Phone  201.719.7240
     Fax 201.222.5022

SOURCE The Global Association of Risk Professionals (GARP)

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