Press Releases

2017 Press Releases

  1. More than ever, the Risk Management Association (RMA) is dedicated to helping members navigate the changing, challenging landscape of the financial services industry. The upcoming RMA Annual Risk Management Conference, November 12-14 in Boston, exemplifies the Association’s unwavering focus on the future.

  2. Nancy J. Foster plans to join RMA November 28, 2017 and will be appointed President and CEO of The Risk Management Association (RMA), effective January 1, 2018.
  3. The Australian Chapter of The Risk Management Association (RMA) has elected Chris Williams, chief risk officer, Business and Private Banking, Commonwealth Bank of Australia, as the new president of RMA Australia. Williams succeeds Catherine Thrum, head of commercial credit risk, Westpac Bank, who had held the position for two years before retiring from the helm this year.

  4. Robert R. Messer, senior executive vice president and chief financial officer, American National Bank of Texas, Terrell, Texas, was elected chair of The Risk Management Association (RMA). Edward P. Schreiber, executive vice president and chief risk officer, Zions Bancorporation, Salt Lake City, Utah, was elected vice chair. Their one-year terms began September 1, 2017.
  5. The Risk Management Association (RMA) today announced that President and CEO William F. Githens, 69, informed the Board of Directors of his plans to retire after 20 years of service with the Association. Helga Houston, Board Chair, announced that a search for his successor will commence shortly and that Githens will remain CEO through December 2017.
  6. 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.