Global Association of Risk Professionals Announces 100,000th Registrant for FRM ExamBy The Global Association Of Risk Professionals garp, PRNE
Wednesday, September 1, 2010
Milestone caps ten years of 27 percent annual registration growth
NEW YORK, September 2, 2010 - The Global Association of Risk Professionals (GARP, www.garp.org)
today announced that it has registered its 100,000th individual for the
Financial Risk Manager (FRM) Exam, the global benchmark for financial risk
The FRM Exam, first issued in 1997, measures an individual's knowledge of
the major strategic tools required to practice the discipline of financial
risk management. Currently, there are over 24,000 professionals worldwide who
hold the FRM certification.
Registrations for the FRM Exam continue to grow, increasing an average of
27% per year from 2001-2010. In 2009, 23,391 individuals from 125 countries
registered for the FRM Exam, an increase of 70 percent from 2008;
registration for the FRM Exam is still open for 2010.
"As corporations around the world expand their risk management
capabilities, they are looking for a way to objectively assess, based on
globally accepted concepts, the risk management capabilities of their
professional staff, which the FRM provides," said Richard Apostolik, Global
Association of Risk Professionals President and CEO. "Registering our
100,000th FRM candidate is a testament to our ability to read changing
economic markets and adjust the exam to address the relevant issues facing
practitioners in the field, and it's an objective measure of the global
acceptance of the FRM program by companies and risk management professionals
around the globe. No other financial professional certification program has
achieved this type of growth in such a short time period."
To become a Certified FRM holder, candidates must pass two comprehensive
examinations, which cover all the key areas of financial risk management.
Exam questions are presented in the context of real-world situations that
financial risk managers might face. Upon passing both parts of the FRM Exam,
candidates must demonstrate two years professional work experience in
financial risk management or a related field.
About The Global Association of Risk Professionals
The Global Association of Risk Professionals (GARP) is a not-for-profit
global membership organization dedicated to preparing professionals and
organizations to make better informed risk decisions. Membership represents
nearly 150,000 risk management practitioners and researchers from banks,
investment management firms, government agencies, academic institutions, and
corporations from more than 195 countries. GARP administers the Financial
Risk Manager (FRM(R)) and the Energy Risk Professional (ERP(R)) exams,
certifications recognized by risk professionals worldwide. GARP also helps
advance the role of risk management via comprehensive professional education
and training for professionals of all levels. www.garp.org.
Contacts: Carl Hymans Keith Campbell G.S. Schwartz & Co. G.S. Schwartz & Co +1-212-725-4500, ext. 304 +1-212-725-4500 ext. 318 email@example.com firstname.lastname@example.org
Carl Hymans, +1-212-725-4500 ext. 304, carlh at schwartz.com, or Keith Campbell, +1-212-725-4500 ext. 318, kcampbell at schwartz.com, both for The Global Association of Risk Professionals (GARP)
Tags: New York, September 2, T.i., The Global Association of Risk Professionals (GARP), United Kingdom