I am pleased to announce that, after a 12-year hiatus, the world’s leading risk management organizations will come together again on May 6, 2014. PRMIA (the Professional Risk Managers’ International Association) and GARP (The Global Association of Risk Professionals) will jointly host an illuminating panel discussion entitled, Fundamental Review of the Trading Book. The historic event will be held at the Harmonie Club in New York City, from 5:30 p.m. to 8:00 p.m.

A prestigious panel, featuring experts from The Federal Reserve Bank of New York, Morgan Stanley, Goldman Sachs and Columbia University, will gather together to discuss recent efforts by global regulators, particularly the Basel Committee on Banking Supervision (BCBS), to mitigate systemic risks in the market place. As the panelists delve into the key points of the proposed framework, they will share their views on the benefits and challenges of implementing these changes. More importantly, they will also evaluate the critical issue of how the new regulations will impact capital requirements going forward.

For quite some time now, I’ve recognized the great benefits that could be achieved by combining the efforts of these two important organizations. That’s why I continue to work diligently in my capacity as a member of PRMIA’s steering committee to bring about this exciting development in the field of risk management. 

I would also like to formally invite The Risk Management Association (RMA) to join us in promoting efficiency of thought leadership throughout the industry. When possible PRMIA, GARP and RMA should align our efforts on research, events and best practices. I believe that uniting can truly benefit the entire global risk management community. 

Sincerely,
Sol Steinberg
Founding Principal, OTC Partners