Global Association of Risk Professionals Announces Strategic Partnership with Spain's Instituto de Estudios Bursatiles

By The Global Association Of Risk Professionals garp, PRNE
Wednesday, February 16, 2011

Spain's Leading Financial Training Institute expands its Offerings in Financial Risk Management with GARP's Foundations in Banking Risk Program

NEW YORK and MADRID, February 17, 2011 - The Global Association of Risk Professionals (GARP), the global leader in
financial risk management professional certification and education, today
announced a partnership with the Instituto de Estudios Bursatiles (IEB) in
Madrid. The IEB, the financial school sponsored by the Bolsa de Madrid stock
exchange, is making available to the financial and academic communities in
Spain, Central, and South America, GARP's financial risk management training
and education programs in Spanish.

As a first initiative, GARP and the IEB will offer GARP's Foundations of
Banking Risk program (Fundamentos del Riesgo Bancario). This e-based program
is designed to assist an organization in creating a culture of risk awareness
throughout the company by familiarizing employees at all levels with the
risks financial organizations deal with on a daily basis. The IEB will offer
the Foundations program to its network of clients, as well as provide them
with a supplemental Spanish language training option. Additional GARP
programs are expected to be added over the next several years.

GARP's Foundations of Banking Risk program is designed around globally
acknowledged risk management concepts. The program provides a fundamental
level education in risk-related issues for all employees as a baseline
training program.

GARP's expansion into world markets includes customizing programs so they
speak to local regulations, while taking into account international
regulatory standards and approaches. With this partnership, the Foundations
of Banking Risk program is now available in four languages: Chinese, English,
Spanish and Russian.

"Our IEB partnership brings to Spain, in local language, financial risk
management concepts and approaches through one of Spain's finest sources of
financial education," said Richard Apostolik, President and CEO of GARP.
"This relationship supports GARP's mission to create a worldwide culture of
financial risk awareness by partnering with exceptional institutes in key
global markets to extend best practices to organizations at all levels."

"We are the leading training institution within the Spanish financial
sector," said Sergio Reyes, director in company programs for IEB. "By adding
GARP's Foundations in Banking Risk Program to our curriculum, we will enable
many professionals to take their financial risk management knowledge to the
next level."

IEB is a business school with over 500 professors, and programs ranging
from entry level to masters. IEB enrolled over 10,000 people in 2010.

For more information on GARP, please visit For more
information on IEB, please visit

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
over 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.

About Instituto de Estudios Bursatiles

The IEB (Instituto de Estudios Bursatiles) is a non-profit Association
founded in 1989 and composed of high-profile individuals from the Spanish
public, political, and economic world. It is considered to be the leading
finance & business school in Spain.

Furthermore, the IEB was a pioneer in teaching Financial Economics,
providing one of the first in-depth practice-based financial curricula for
students and practitioners in the late 1980s.

    Keith Campbell               David Heinzinger
    G.S. Schwartz & Co.          G.S. Schwartz & Co
    +1-202-986-2152              +1-212-725-4500 ext. 329

Keith Campbell, G.S. Schwartz & Co., +1-202-986-2152, kcampbell at; or David Heinzinger, G.S. Schwartz & Co, +1-212-725-4500 ext. 329, dheinzinger at

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