Philadelphia, PA (March 23, 2020) –
As
part of its ongoing mission to serve members, The
Risk Management Association has created several resources to help financial
institutions respond to the challenges of the COVID-19 pandemic.
Those resources include RMA’s Coronavirus Blog, a Coronavirus Resource
Center website, a series of webinars, and online versions of round
tables and conferences so that members can continue to benefit from thought
leadership and peer sharing while staying safe and honoring the restrictions necessary
to recover from this crisis.
The Coronavirus Blog is updated frequently with market intelligence that sheds light on how financial
institutions are managing coronavirus risks. Informed by RMA’s daily calls with
member financial institutions of all sizes and key constituencies, it provides insights
and experiences that can assist any firm in charting its own course through these
challenging times.
The COVID-19 resources page is a compendium of tools,
guidance, and analysis that includes a crisis management planning checklist,
recommended internal and external communications protocols, an analysis of
potential pandemic scenarios and their implications, RMA Journal articles, and
white papers focused on keeping your financial institution and its people safe.
For members and the industry as a whole, RMA is offering a series
of free webinars that address legal, organizational, and economic aspects of
this pandemic, and best practices for addressing them. On Tuesday, March 24 at
1 p.m. Eastern time, RMA will present “Employment Issues
During the Fast-Changing COVID-19 Response.” On Tuesday, March 31 at 1
p.m. Eastern time, RMA will present “With COVID-19 Spread, Cybersecurity
and Data Privacy Risks Also Rise.”
RMA is also committed to maintaining its valuable peer sharing opportunities
such as round tables, forums, and conferences, and is moving these to an online
format. Information on these events and all of RMA’s pandemic resources will be
updated on the RMA Coronavirus Blog and in RMA’s Industry Insider weekly email
newsletter.
“The tireless work, resilience, and innovation our member
financial institutions are displaying to keep customers and the economy going in
these trying times is an inspiration,” Risk Management Association President
and CEO Nancy Foster said. “It is our duty at RMA to work tirelessly as well to
ensure our members have what they need to fulfill their critical role in our society—both
now and as we recover and look forward to brighter days.”
About RMA
Founded in 1914, The Risk Management Association is a not-for-profit,
member-driven professional association whose sole purpose is to advance the use
of sound risk management principles in the financial services industry. RMA
promotes an enterprise approach to risk management that focuses on credit risk,
market risk, and operational risk. Headquartered in Philadelphia, Pennsylvania,
RMA has 1,900 institutional members that include banks of all sizes as well as
nonbank financial institutions. They are represented in the Association by
18,500 individuals located throughout North America, Europe, Australia, and
Asia/Pacific.
Media Contacts
Stephen Krasowski, skrasowski@rmahq.org, 215-446-4095
Frank Devlin, fdevlin@rmahq.org, 215-446-4137