RMA’s Risk News
at-a-Glance
RMA’s Risk News at-a-Glance is a
free weekly service that delivers quick-read summaries of the
week’s most important industry headlines, culled from over
7,000 sources: major newspapers, business magazines, Web
sites, wire services, and leading industry publications. This
is an RMA service designed to keep you up-to-date on the
latest credit, operational, and market risk news. We hope you
enjoy it and find it useful. Stay current in a matter of
minutes.
To view the complete edition of this week’s news, visit
http://www.rmahq.org/News_PR/RiskNewsataGlance.htm.
Or call the RMA National Association at 800-677-7621 and ask
to get on the list of bankers who are currently getting this
service emailed to them each week.
RMA’s ePRODUCTS
From eMentor, to eCompare2, to the
Diagnostic Assessment, to the eStatement Studies and
Online Courses, it’s all just a click away:
eMentor—an innovative online tool to help
financial services professionals work smarter, quicker, and
more efficiently.
eCompare2—RMA’s powerful, Web-based
financial analysis spreadsheet.
Diagnostic Assessment—an online version of
RMA’s assessment of lending skills and knowledge.
eStatement Studies—data from the Annual
Statement Studies– now on the Web! This valuable new
service combines both financial ratio benchmarks
and industry default probabilities and even enables you to
break out the data by region.
Online Courses –two types: Web seminars and
Mentor Online. The Web-based format is designed to reduce
training time and expense by allowing users to master
critical skills without leaving the office. (Note: For
the Web Seminars link the Type will automatically default to
Courses -Web Seminars in the search)
If you want to register for or find information about an
event (course, conference, forum, meeting, etc) please
check our national Web site, www.rmahq.org, or call
Customer Care, 1-800-677-7621.
RMA to Offer
Operational Risk & Corporate Governance Solution
to its Member Banks on an Online Subscription Basis
Later this year, RMA will offer OpRisk
Tools to its member institutions. It will help them to capture
and manage operational risk data and corporate governance
initiatives.
PHILADELPHIA, PA (March 28, 2005)—The Risk Management
Association announced today that it will offer a comprehensive
and affordable online risk management service specifically
designed to help its small and medium-sized member
institutions manage their operational risks and controls. RMA
OpRisk Tools will be a subscription-based online service that
will cover all elements of operational risk, and
Sarbanes-Oxley compliance.
RMA has selected Centerprise Services of Purchase, New York,
as its core solution provider for its OpRisk Tools initiative.
Centerprise is a software vendor focused on risk management
and control solutions for the financial services industry,
with a particular focus on operational risk and governance
solutions.
Subscriptions to the Web-based solution will be available both
for the whole suite or individual modules. The modules will
include Risk Control Self Assessment, Sarbanes-Oxley, Issues &
Action Plans, Loss Event Management, Key Risk Indicators and
others. It will also include a knowledge delivery and a
library of key risk indicators. RMA is offering OpRisk Tools
as an affordable and effective substitute for risk consultants
and procedures manuals. A pilot user group is now testing
OpRisk Tools; it will be offered to the RMA’s general
membership in the third quarter of 2005.
RMA Director of Operational Risk Charles Taylor said, "RMA
is strongly committed to helping its member institutions build
a culture of operational risk management and implement
effective practices and procedures. Our OpRisk Tools is an
exciting new vehicle to further promote our main mission –
promoting sound risk principles and an enterprise-wide
approach to risk management."
"We are delighted to be working with Centerprise on
delivering a robust yet very affordable risk management
solution to our members", said Taylor. "Centerprise has both
the functionality and underlying architecture to support the
online subscription model that best meets the needs of our
members."
Reto Tuffli, CEO of Centerprise, noted that smaller banks
face considerable challenges and costs to address op risk and
meet Sarbanes-Oxley and related requirements. "This offering
is an ideal delivery model for bringing value to the RMA’s
small and medium-sized members," he said. "We are naturally
very pleased to be working together with this respected
industry association to make the service a reality."
PRAISE THAT PAYS
Showing appreciation for others is
an art form. To craft thoughtful acknowledgements, make sure
your praise and recognition is:
ü
Specific. Describe the person’s actions
in detail.
ü
Immediate. When you notice an employee
doing something positive, compliment the person on the spot.
ü
Personal. Use the employee’s name, and
talk about the qualities the person brings to the team.
ü
Spontaneous. Never script compliments if
you want them to sound sincere.
Adapted from "The Art of Appreciating
Others."
