RMA The Risk Management Association Enters into Operational Risk Agreement with OpVantage, a Division of Fitch Risk Management

Philadelphia, Pa. (November 11, 2003) RMA The Risk Management Association has entered into an agreement with OpVantage, a division of Fitch Risk Management, which will provide RMA with access to the OpVantage's FIRST Database. This robust database, which has enterprise-wide applications, can help institutions manage operational risks. RMA will use FIRST (Financial Institutions Risk Scenario Trend Database in its various operational risk offerings. The FIRST Database provides case studies on almost 4,500 operational risk loss events to assist clients.

"The database will give RMA a rich source of information for analysis and program development for our members," said Maurice H. Hartigan II, RMA president and CEO. "Quality case studies are essential to understanding operational risk and we believe Fitch Risk's FIRST Database is the most comprehensive and thorough resource available."

"We are very pleased to be working with RMA," said Scott Grayson, managing director and head of global sales for OpVantage. "Its seminars, training programs and publications are recognized as the premier in the industry.

The OpVantage FIRST Database content will enrich the programs offered by RMA."

Press Release Contact:
Kathleen M. Beans
RMA
PR Manager/Senior Writer
1650 Market Street
Suite 2300
Philadelphia, PA 19103
PH: 215-446-4095