GARP SPONSORS RISK MANAGEMENT RESEARCH GARP advances practitioner-oriented research in risk management Contact: Greg Winsper Global Association of Risk Professionals Phone 201.719.7240 Fax 201.222.5022 111 Town Square Suite 1215 Jersey City, NJ 07310 New York, London; December 17, 2007: The Global Association of Risk Professionals (GARP: www.garp.com ( http://www.garp.com/ )), a leading professional Association dedicated to the advancement of the financial risk profession, announced today a Call for Research Proposals for the 2nd Annual GARP Risk Management Research Program. The GARP Risk Management Research Program seeks to fund research projects that offer unique approaches for current global risk management issues that ultimately bridge the gap between theory and practice. Areas of particular interest for 2008 include credit risk measurement and management (particularly focused on mortgages, securitization or liquidity), risk management in emerging markets and energy risk management. A Research Committee made up of risk management practitioners, academics and researchers will select at least 5 research proposals to fund in 2008. The Research Committee is co-chaired by Professors René Stulz of The Ohio State University and Peter Tufano of Harvard University. Selected research proposals will be notified in May 2008, and recipients will receive a grant of USD $12,000. *As a thought-leader in risk management, GARP seeks to support the *new and noteworthy* in risk management research. Last year we received proposals from researchers in 13 countries representing the best research institutions globally, and we expect even greater and broader participation this year.* states Chris Donohue, PhD, Managing Director of the GARP Research Center. GARP will accept research proposals through the end of March 2008. Additional information on the GARP Risk Management Research Program is available on the GARP website at www.garp.com/university/Research.asp. GARP recently launched other initiatives to advance financial risk management research. GARP now sponsors the GARP Risk Management Research Award, presented at the annual meeting of the European Financial Management Association (EFMA) to an outstanding paper in the field of financial risk management, and the Best Dissertation in Risk Management Award, presented at the annual meeting of the Financial Management Association (FMA). Recep Bildik, PhD, Senior Researcher in the GARP Research Center, notes, *These initiatives demonstrate GARP*s commitment to keeping the academic community engaged in the most relevant topics to risk management practitioners.* About GARP Research Center The GARP Research Center serves as the driving force for practitioner-oriented research by illuminating future trends and opportunities, supporting and conducting research, and sharing these activities with the risk management community around the world. The Research Center focuses on thought leadership and aims to be a recognized bridge between the academic research and practitioner communities. For more information about the GARP Research Center and its sponsorship of risk management research, please visit www.garp.com/university/research.asp. About GARP The Global Association of Risk Professionals (GARP) is a not-for-profit independent association of over 67,000 risk mana gement practitioners and researchers representing banks, investment management firms, government agencies, academic institutions, and corporations from more than 167 countries worldwide. It also administers the Financial Risk Manager (FRM*), the world*s premier certification for the financial risk professional. GARP*s mission is 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. www.garp.org ( http://www.garp.org/ )