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 registrations. 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. www.garp.org 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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