Press Releases

2016 Press Releases

  1. 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.
  2. 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.
  3. 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.

  4. 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.

  5. 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.

2015 Press Releases

  1. The Risk Management Association is pleased to announce this year’s Journalistic Excellence Award winners. The contest honors authors of the best articles published by The RMA Journal® as judged by a panel of experienced banking practitioners.
  2. The Honorable Kristine L. Svinicki to Address RMA's 9th Annual Governance, Compliance, and Operational Risk Conference on risk management from a nuclear regulatory perspective at the Hyatt Regency, Cambridge, Mass., April 22-23, 2015.

2014 Press Releases

  1. The Centennial Committee of the Risk Management Association (RMA) has been honored again for its efforts in commemorating RMA’s 100th anniversary by being named the recipient of the Association TRENDS 2014 All-Media Contest Silver Ribbon in the category of Tribute/Commemoration. 

  2. The Risk Management Association has announced the launch of a new foundation that will provide scholarships and training opportunities to support the Association’s goal of advancing sound risk principles in the financial services industry for now and for years to come.
  3. The Risk Management Association's Advanced Measurement Approaches Group (AMAG) has responded 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.
  4. During a year in which The Risk Management Association (RMA) marks its 100th anniversary, the Association now has another reason to celebrate: Its Centennial Committee has won four 2014 Apex Awards for its efforts in commemorating the milestone anniversary.
  5. The Risk Management Association, which has been at the forefront of the operational risk discipline, has filed an amicus curiae ("friend of the court") brief on behalf of a member bank in a case that has implications for financial institutions in their increasingly challenging efforts to manage operational risk.
  6. Driven by the fallout from the financial crisis and increased regulatory scrutiny, the risk function at financial institutions is shifting from its traditional focus on measurement, compliance and control to providing a forward-looking view at the heart of decision making, in the boardroom and throughout the organization.

2013 Press Releases

  1. The Risk Management Association's newly released Governance and Policies Workbook is the third in a series designed to help community banks develop robust enterprise risk programs.
  2. The Risk Management Association has appointed Fran Garritt to lead its Securities Lending and Market Risk Management departments. He replaces Christopher Kunkle, who recently accepted a position as a managing director at Wells Fargo. Garritt had worked closely with Kunkle to grow RMA's presence globally.
  3. The Risk Management Association has appointed William G. Loftus to lead its Credit Risk Management department beginning today. To assure a smooth transition into this critical position, Loftus will partner for a year with the retiring Jim Nelson, who led RMA’s Credit Risk Management for the past 18 years, and with Lynne Suher, RMA associate director, Credit Risk Management.

  4. The Risk Management Association (RMA) presented an Operational Risk Boot Camp at its Philadelphia headquarters, May 7-17, 2013. The program, attended by 46 professionals from 34 institutions of various asset sizes, offered a deep dive into particular operational risk areas.

  5. RMA is pleased to announce the appointment of Steve Shaw as senior regional consultant - Europe. Based in London, Shaw will travel extensively within Europe, meeting with existing and potential member institutions and other key constituents to discuss how RMA can assist with risk management training and professional development.

  6. The Risk Management Association (RMA) has been named a Gold winner of an Omni Award. The award winning production, developed in partnership with Allen Communications Learning Services, is a full motion graphics video production intro for the RMA Ethics Training Course.

2012 Press Releases

  1. In its formal comment letter to the banking regulatory agencies, The Risk Management Association's (RMA's) Community Bank Council opposed proposed rules that would require smaller institutions to maintain capital levels required by Basel III for large banks. They asked that the rules be restricted to banks with assets of at least $10 billion.

  2. A survey conducted by the Risk Management Association (RMA) in conjunction with Deloitte, the business advisory firm, highlights many banks are making progress managing wrong way risk (WWR) - but nearly a third make no effort to monitor it.

2011 Press Releases

2010 Press Releases

  1. After a nationwide search, the board of directors of The Risk Management Association has appointed William F. Githens as president and CEO effective January 26, 2010. Githens is currently director of Member Relations for RMA and has over 35 years of commercial banking experience.