Press Releases

2017 Press Releases

  1. The Risk Management Association, a recognized thought leader in the field of operational risk management, including cyber risk and third party management risk, filed a comment letter last week with U.S. financial regulators regarding their jointly issued advanced notice of proposed rulemaking (ANPR), “Enhanced Cyber Risk Management Standards.” 

2016 Press Releases

  1. The Risk Management Association's Advanced Measurement Approaches Group (AMAG) is once again objecting to a Federal Reserve (Fed) proposal that would require large bank holding companies to provide litigation reserve information to the Fed as part of the Comprehensive Capital Analysis and Review (CCAR) process.

  2. Helga Houston, senior executive vice president and chief risk officer, Huntington Bancshares, Columbus, Ohio, was elected chair of The Risk Management Association (RMA). Robert R. Messer, executive vice president and chief financial officer, American National Bank of Texas, Terrell, Texas, was elected vice chair.
  3. The Risk Management Association (RMA) has filed a comment letter with the Federal Reserve Board, OCC, FDIC, and other regulatory agencies regarding the proposed rule restricting Incentive-based Compensation Arrangements, saying the proposal is overly prescriptive and warning of harmful unintended consequences.
  4. In anticipation of the transition from the Allowance for Loan and Lease Losses (ALLL) methodology to the Current Expected Credit Loss (CECL), The Risk Management Association (RMA) is pleased to announce its Community Bank CECL Service, a member-only service which will capture, store, and report on loan level loss information.

  5. The Advanced Measurement Approaches Group of The Risk Management Association (RMA) has filed a comment letter with the Basel Committee on Banking Supervision that notes concerns regarding the Basel Committee’s “Standardised Measurement Approach for Operational Risk” Consultative Document.

  6. The Risk Management Association (RMA) and the Securities Industry and Financial Markets Association (SIFMA) announced today that ICAP has agreed to the Associations’ extension request and will continue publishing its Fed Funds Open (FFO) rate through September 30, 2016.