June 2006
ERM-II LAUNCHES ACCREDITATION STANDARDS FOR GRADUATE PROGRAMS

ERM Institute International, Ltd. ( ERM-II)—a research organization founded by a worldwide network of university graduate programs in quantitative risk management including Georgia State University—recently launched accreditation standards for university programs in quantitative and enterprise risk management. Georgia State University is, again, at the forefront of this effort.

“This initiative will bring a sea of changes to risk management education in the world. We know how the quants have revolutionized Wall Street. We believe that the next big thing for quants is to revolutionize enterprise risk management,” said Shaun Wang, associate professor of actuarial science in the RMI Department and Executive Director of ERM-II. “In addition, ERM-II will help university programs to train students on the multidisciplinary aspects of enterprise risk management. By collaborating with highly respected professional bodies, ERM-II will enable member universities to prepare students for the real world demands.”

“The Robinson College of Business at Georgia State University is very pleased to be a founding member of ERM-II.” said Dean Fenwick Huss, “We see enterprise risk management as a key strategic growth area, and our multi-disciplinary faculties are committed to advancing this discipline. I am confident that this international initiative will help universities to better prepare tomorrow’s business leaders.”

Outgoing RMI Chair Sanjay Srivastava, who was also instrumental in the formation of ERM-II, believes that this initiative is very much in line with the current direction of the RMI Department. “Over the past two years, our department has expanded its research and educational capabilities to encompass both financial and enterprise risk management, with emphasis on both the qualitative and quantitative elements,” said Srivastava.

ERM-II is dedicated to the advancement of the body of knowledge of enterprise risk management and quantitative solutions through developing and promulgating international standards for quantitative risk education, and promoting multi-disciplinary international research. Visit the organization online at www.ermii.org.