GARP is a not-for-profit independent trade association of risk management practitioners around the world. GARP has close to 69,000 members, including representatives from banks, investment management firms, government agencies, academic institutions, corporations & other financial organizations. GARP's mission is to be the leading professional association for risk managers, managed by & for its members, dedicated to the advancement of the risk profession through education, training & the promotion of best practices globally. For more information, please visit www.garp.com.

GARP’s almost 50,000 individual members represent over 5,000 different companies around the world, including banks, securities firms, asset management firms, academic institutions, government regulatory agencies, non-financial corporations and other financial institutions. Paid GARP membership provides discounted pricing on events, training courses, and product purchases in the GARP Digital Library. Paid members also receive a free subscription to our membership magazine, GARP Risk Review, can participate in the FRM® Certification program and have full access to the GARP Career Center. All members can receive daily e-news alerts and monthly newsletters and have access to over 54 local chapters worldwide. GARP provides a discounted membership rate for fulltime students. For more information, please visit www.garp.com/membership.

To be the leading professional association for risk managers, managed by and for its members dedicated to the advancement of the risk profession through education, training and the promotion of best practices globally.

The Financial Risk Manager (FRM®) exam, launched in 1997, is recognized as the world's most prestigious certification program for Financial Risk Managers. The FRM exam measures a candidate's ability to dynamically manage financial risk in real-world settings. The FRM Certificate has been adopted by companies as a benchmark to ensure their risk management employees are well versed in the latest financial risk concepts and are qualified to provide competent advice based on globally accepted industry standards. Since 1997 more than 13,500 individuals have successfully completed the FRM Certification program, representing over 3,000 companies. This annual exam is administered in over 70 locations globally. For more information, please visit www.garp.com/frmexam

The mission of the GARP Digital Library (GDL) is to advance the risk profession through education and promotion of best practices globally by providing convenient access to highly recommended educational material and information on financial risk management. To meet its objective, the GDL:

• Relies upon an impressive Editorial Committee of well-respected risk management academicians and practitioners to insure that the library collection is comprised of the highest-quality readings,



• Is working closely with the publishing community to insure the library collection has readings to meet the needs and preferences of all potential users, from the uninitiated reader who is curious about risk management to the most sophisticated, highly quantitative risk management researcher, and



• Is accessible through a robust and easy-to-use website which all users can find the readings they desire.