It may be 2005, but the pioneer spirit is alive and well at the Risk Management Association. Our ploughs and horsepower are strategic initiatives and technology. Our lassos and harnesses are research, surveys, and studies. But our real strength continues to be our Associates, who share our vision for a strong, safe, and profitable financial services industry.
Pioneers are not followers: they are leaders. RMA leadership and staff are determined to keep this association at the forefront of thought leadership on evolving practices in risk management. It's the only way to ensure we find the best solutions to emerging areas of risk.
We're nearing our goal of harnessing the elusive and critical discipline of operational risk management. Data culled from RMA's Key Risk Indicator (KRI) study will allow risk management practitioners to define and specifically identify the most important operational risks. Further, RMA will soon offer a set of KRI services that will deepen and broaden the library of some 1,500 risk indicators and KRI benchmarking.
We're also blazing a trail in professionalism with RMA's new credit risk certification. A four-hour, computer-based exam was given to more than 200 volunteer participants in a pilot test last fall. These pioneers have helped smooth the way of others who will be taking the 125-question examination leading to the new credential each fall and spring. This certification program is the combined effort of RMA and a committee of industry experts from a wide cross-section of banks--large and small, U.S. and Canadian, rural and urban.
RMA will continue efforts to conquer borders as we expand our franchise, focusing on membership recruitment of international banks and other financial institutions. We will develop new products and line extensions of existing products and continue to explore partnering opportunities. Our borderless community has been enhanced with the development of a fresh, more user-friendly Web site--come visit us at www.rmahq.org and see for yourself.
In addition to …