Global Association of Risk Professionals Announces Sharp Rise in Worldwide Registrations for FRM Exam; Number of Candidates Applying for 2009 Exam Increases 70% Over Same Time Last Year

Sep 02, 2009, 07:00 ET from The Global Association of Risk Professionals (GARP)

NEW YORK and LONDON, Sept. 2 /PRNewswire/ -- The Global Association of Risk Professionals (GARP, today announced that its Financial Risk Manager (FRM(R)) program registered 22,854 certification candidates as of the close of its standard registration period ended August 31, 2009. This represents a 70% increase from the number of FRM candidates registered to take the exam at this time a year ago. Registration closes on October 15th.

This year, the Financial Risk Manager (FRM(R)) certification exam will be administered by the Global Association of Risk Professionals (GARP, on November 21, 2009. From New York to Hong Kong, the global benchmark and standard-setting exam will be taken at 83 testing centers located in major cities across six continents including Mumbai, Beijing, Jakarta, Tokyo, Singapore, Seoul, Bangkok, London, Paris, Warsaw, Frankfurt, Istanbul, Dublin, Stockholm, Tel Aviv, Dubai, Melbourne, Sydney, Johannesburg, Montreal, Toronto, Dallas, Seattle, Honolulu and many others.

Richard Apostolik, Global Association of Risk Professional's President and CEO, said, "More and more, corporations are recognizing the need for individuals with sophisticated and comprehensive risk management expertise to address the unique and evolving issues in the current business environment. The unprecedented increase in registrations for the FRM exam is testimony not only to the expertise of those professionals who will earn this significant credential, but also the global acceptance of the FRM program and its ability to measure an individual's mastery of risk management theories and concepts in a practice-driven environment."

In 2008, 442 firms, representing every major financial firm, consulting company and regulatory body, as well as major academic institutions had at least five or more FRM candidates register for the 2008 FRM program. This number is expected to grow dramatically in 2009. The 17,674 FRM holders around the globe came from over 3,000 different companies and 137 countries.

About The Global Association of Risk Professionals

The Global Association of Risk Professionals (GARP) is a not-for-profit independent association of over 100,000 risk management practitioners and researchers representing banks, investment management firms, government agencies, academic institutions, and corporations from more than 167 countries worldwide. It also administers the Financial Risk Manager (FRM) certification recognized by financial risk professionals worldwide, and, in conjunction with the American Petroleum Institute, established the Energy Risk Professional (ERP) certification. As the leading professional association for risk managers, GARP's mission is to advance the risk profession through education, training and the promotion of best practices globally.

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SOURCE The Global Association of Risk Professionals (GARP)