Press Releases

2018 Press Releases

  1. Top banking industry experts discussed their views on the impact another recession may have on credit and ways financial institutions can currently prepare for it at RMA’s Annual Risk Management Conference, November 4-6 in National Harbor, Md. (outside of Washington, D.C). The conference exemplifies the Association’s unwavering focus on the future.

  2. Aligning operational risk management (ORM) with strategy could enable strategic change, improve business performance and enhance customers’ experience for financial institutions. However, only half of firms surveyed with less than $250 billion in assets leverage ORM to challenge business models, according to a report by KPMG LLP and The Risk Management Association (RMA).
  3. The Risk Management Association’s (RMA) Statement Studies Submission Campaign, which began in April 2018 and closed in August 2018, is set to release its new data today. The data, derived from the financial statements of small and medium-size financial institutions’ commercial loan customers, provides the only source of composite metrics on all lines of business and is available for performing business valuations on prospective businesses and industries.

  4. College students who are pursuing a career in the financial services industry have just over a week remaining to apply for an RMA Foundation Scholarship that can provide them with awards of $2,000 to $8,000 to help defray the cost of their tuition.

  5. Edward P. Schreiber, executive vice president and chief risk officer, Zions Bancorporation, Salt Lake City, Utah, was elected chair of The Risk Management Association (RMA). Amanda Norton, chief risk officer, Wells Fargo, San Francisco, Calif., was elected vice chair.
  6. The RMA Annual Risk Management Conference, November 4-6 in National Harbor, Md. (just outside of Washington, D.C.), is RMA’s premier membership event of the year. Bankers and subject matter experts will share best practices and thought leadership to assist each other with the critical issues facing the industry today and tomorrow.

  7. The Risk Management Association recently conducted its community bank regulatory survey which identified the trends and issues in risk management affecting community banks. The purpose of the survey, which generated responses from both RMA members (90%) and nonmembers (10%), was to deliver insight and add value to discussions with regulators and RMA Community Bank Council members. The survey focused on six categories, including enterprise risk management; compliance; examinations; CECL; lending and service products; and the regulatory environment. 
  8. The Risk Management Association recently conducted its second bank regulatory survey (the first survey was conducted in 2016) which identified industry trends and practices with respect to risk management and regulation over a period of time. The purpose of the survey, which generated responses from 34 institutions, including 14 mid-size and 20 large banks, was to deliver insight and add value to discussions with senior Washington regulatory officials during RMA’s 2018 meetings.

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. 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.