GARP News and Updates
June 2024
GARP Launches Certificate Program on Risk and Artificial Intelligence
The new Risk and AI (RAI™) Certificate is designed to help professionals understand and manage the risks associated with AI. Registration opens August 1.
April 2024
GARP Publishes Inaugural Global Survey of Nature Risk Management Across Financial Firms
Conducted by GARP Risk Institute, our first-ever nature risk survey reveals a growing regulatory focus in the area, despite only 25% of firms having identified nature-related risks or opportunities at this time.
September 2023
GARP Continues Its Strong Support of Risk Management Education Across China
As part of an ongoing effort to support China’s promotion of education and best practices in risk management, GARP CEO Richard Apostolik gave a special keynote speech at a top ESG forum while the Association promoted risk education at the 2023 China International Fair for Trade in Services.
August 2023
GARP’s Financial Risk Manager (FRM®) Certification Benchmarked to Master’s Degree Level After Ecctis Reevaluation
Ecctis, an internationally-recognized authority on global qualifications, has reaffirmed the FRM Certification’s master’s degree compatibility in nine countries and regions including Brazil, China, Japan, Mexico, and the UAE.
April 2023
GARP Continues Its Commitment to Climate Risk Management With Fourth Anniversary Event for Chapter Zero
The special London event on April 18 strengthened GARP’s partnership with the U.K. organization working to transform net-zero ambitions into action.
January 2023
GARP Celebrates 25th Anniversary of Flagship Financial Risk Manager (FRM®) Certification
Created in 1997, the FRM has been successfully earned by over 77,000 professionals to date, with many more scheduled to take their Exams in 2023.
January 2023
GARP Launches New Chapter in Japan
Kicking off with a January 18 event in Tokyo on climate change risk, the Chapter will offer educational and networking opportunities for risk professionals in Japan to share best practices and stay on top of emerging trends.
September 2022
Fourth Annual GARP Climate Risk Survey Reveals Steady Progress Amid Increased Regulatory Scrutiny
Conducted by the GARP Risk Institute, the latest climate risk survey received participation from 62 leading financial institutions around the world.
JULY 2022
GARP and UNEP Finance Initiative Share New Collaborative Paper on Climate Risk Management
GARP Risk Institute and the United Nations Environment Programme Finance Initiative released a special report today that offers insights into creating board-level climate dashboards.
JUNE 2022
GARP CEO Richard Apostolik Delivers Keynote Address at China ESG Investment and Development Forum
The June 10 speech included insights on climate risk management challenges and best practices for climate risk managers.
MARCH 2022
GARP Announces New August 2022 Date for FRM Exam Part I
This year's Financial Risk Manager (FRM®) Exam schedule will now include an additional date in August, providing Part I candidates with increased flexibility in 2022.
JANUARY 2022
New Global Practice Analysis Report Reveals Key Insights Into Financial Risk Profession
Nearly 1,000 Financial Risk Managers (FRM®) were surveyed, with emerging trends including a growing emphasis on operational risk and resiliency skills.
DECEMBER 2021
Financial Risk Managers Report Mixed Confidence in Firms’ Preparedness for LIBOR Transition
A new survey from GARP Benchmarking Initiative (GBI) finds just 10% of FRMs believe their firm is “completely” ready for a post-LIBOR world.
OCTOBER 2021
Renowned Finance Expert John Hull to Serve as Senior Advisor to GARP’s FRM Advisory Committee
Hull will help steer the development of future curriculum for the world’s leading risk certification.
SEPTEMBER 2021
GARP Survey Finds Increasing Use of Scenario Analysis to Manage Climate Change Risk
Conducted by the GARP Risk Institute, the “Third Annual Global Survey of Climate Risk Management at Financial Firms” received participation from 78 leading financial institutions around the world.
AUGUST 2021
Today’s Digital Currencies Pose a Myriad of Significant Risks for Financial Institutions
A new GARP primer addresses the various forms of digital currencies, what gives them value, and the myriad of risks they pose to financial institutions, nonfinancial firms, and investors.
AUGUST 2021
GARP Announces Boost to Climate Risk Education in Ireland With Support From Sustainable Finance Skillnet
The Sustainability and Climate Risk (SCR®) Certificate is now eligible for government funding in Ireland through Sustainable Finance Skillnet as part of a commitment to promote climate risk education in the region.
JULY 2021
GARP Announces Partnership With Indian Institute of Banking and Finance (IIBF)
GARP and the IIBF will work together to support the growth and development of skilled risk professionals in India.
MAY 2021
Financial Risk Managers Support Increasing Regulation on Prime Brokers, Family Offices
A new GARP survey reveals a majority of Financial Risk Managers (FRM®) support increasing regulatory requirements on prime brokers and family offices in the wake of the Archegos Capital Management meltdown.
MAY 2021
GARP Sees Strong Growth in Academic Partnerships Program
GARP continues to expand its roster of Financial Risk Manager (FRM®) Academic Partners, recently approving the Master of Applied Finance program at the University of Western Australia and the Master of Business Administration program at the Asian Institute of Management.
MAY 2021
GARP Expresses Concern for COVID Situation in India
GARP expresses its heart-felt concern for citizens of India as the country navigates the COVID crisis.
MAY 2021
GARP Adds Asia-Pacific Buy Side Risk Managers Forum
Building on its successful U.S. and European-based Buy Side Risk Managers Forums, GARP announced the launch of the Asia-Pacific Buy Side Risk Managers Forum.
MARCH 2021
Majority of Risk Managers Optimistic About Profession’s 2021 Outlook
A new report from GARP reveals a majority of risk managers are optimistic about the profession’s outlook, with COVID-19 and economic uncertainty amplifying the need for strong organizational risk management.
FEBRUARY 2021
New GARP Research on Leveraged Loan Defaults in 2021
GARP surveyed nearly 90 Certified FRMs active in leveraged loans and CLOs to understand their views on these markets, which experienced a turbulent 2020.
DECEMBER 2020
Socially Responsible Business Practices Dominate Third Global Energy Risk Forum
Discussion Part of a Year-Long Plan from GARP and IEF to Foster Energy Risk-Related Dialogue.
NOVEMBER 2020
GARP Announces Market-Driven Changes to Its Energy Offerings
2021 To Be Last Year of ERP Exams; Other Offerings Enhanced.
OCTOBER 2020
GARP and IEF Preside Over Second Global Energy Risk Forum
Virtual discussion centered on sustainability and energy investment trends.
SEPTEMBER 2020
GARP Announces 2021 Transition to Computer-Based Testing for FRM® Exam
To provide candidates with more options as they face the uncertainty of the COVID-19 crisis, GARP is making several enhancements to the administration of its flagship Financial Risk Manager (FRM) Exam in 2021. This includes adding more testing windows and transitioning to computer-based testing (CBT).
SEPTEMBER 2020
GARP to Co-Sponsor Second Annual Shanghai Chief Risk Officer Forum
GARP will co-sponsor the 2020 Shanghai Chief Risk Officer Forum to be held live and virtually on September 19, with Shanghai University of Finance and Economics (SUFE). The Forum brings together international and Chinese regulators, practitioners and scholars to discuss key risk issues. Speakers include Richard Apostolik, President and CEO of GARP.
SEPTEMBER 2020
Top Energy Leaders Convene at Global Energy Risk Forum
On July 21, GARP and the International Energy Forum (IEF) hosted the first Global Energy Risk Forum, a virtual, executive-level discussion on the evolving state of the energy industry and the impact of COVID-19 on energy market volatility.
JULY 2020
GARP Updates 2021 Exam Process for Sustainability and Climate Risk Certificate
Amid increasing demand for climate risk education, the Global Association of Risk Professionals (GARP) announced changes to its Sustainability and Climate Risk (SCR®) Certificate Exam for 2021. The Exam schedule will not change in 2020.
JULY 2020
Risk Managers Adapt to Remote Work as Productivity and Stress Loom as Key Concerns
GARP surveyed 250 certified FRMs to understand the effect the COVID-19 pandemic and remote work have had on both companies and risk professionals.
JUNE 2020
GARP Announces Transition of ERP Exam to Computer-Based Testing in 2021
The Global Association of Risk Professionals (GARP) announced today it will exclusively administer its Energy Risk Professional (ERP®) certification Exam via computer-based testing (CBT) beginning in May 2021.
MAY 2020
2020 Global Benchmarking Survey Reveals Growing Prioritization of Climate Risk Management
GARP conducted its second annual Global Benchmarking Survey, featuring participation from 71 leading financial institutions around the world — almost triple the number in 2019 — including banks, asset managers, insurers, and other firms with a total market capitalization of $3.8 trillion.
APRIL 2020
GARP Opens Registration for Sustainability and Climate Risk Certificate
Registration opens May 1 for the Sustainability and Climate Risk (SCR®) Certificate, the newest offering in risk management learning from the Global Association of Risk Professionals (GARP). The SCR Certificate is the first-ever global climate risk management program, designed to help businesses address the risks associated with climate change.
MARCH 2020
FRM and ERP Exams Rescheduled
GARP has announced a revised schedule of its global Exams for both the Financial Risk Manager (FRM®) and Energy Risk Professional (ERP®). May 2020 Exams will be rescheduled to October 24, 2020 for all global candidates, except for those scheduled to take the test in India. Candidates in India will be automatically deferred to the previously scheduled November 21, 2020 Exams date.
MARCH 2020
GARP to Postpone May Exams Due to Uncertainty Surrounding COVID-19
“Given the global uncertainty around this pandemic, we must focus on the health and safety of exam participants and partners. As a result, we are postponing the May exam around the world,” said Richard Apostolik, CEO of GARP. “We are very saddened and disappointed that we are unable to hold the exams in May, but we know it’s the right decision based on the information we have today.”
JANUARY 2020
GARP Closely Monitoring Coronavirus Situation
The Global Association of Risk Professionals (GARP) is closely watching the coronavirus situation and monitoring government announcements and restrictions related to it.
JANUARY 2020
GARP Launches Certificate on Sustainability and Climate Risk
The Global Association of Risk Professionals (GARP) announced today that it is launching a new certificate in sustainability and climate risk (SCR), designed to help professionals understand and manage the potential economic and operational impacts of a changing climate on their organizations.
FEBRUARY 2018
GARP Names Andrew Lo Risk Manager of the Year
MIT Sloan School finance professor is honored for his extensive and distinguished academic work and contributions to the risk management profession.