RiskMetrics Group Joins the Shared Assessments Program - Insurance News | InsuranceNewsNet

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December 2, 2009
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RiskMetrics Group Joins the Shared Assessments Program

Shared Assessments’ Industry-Standard Tools Will Enable RiskMetrics’ Clients to More Efficiently Conduct Due Diligence and Risk Assessment Functions NEW YORK--(BUSINESS WIRE)-- RiskMetrics Group (NYSE:RMG), a leading provider of risk management and corporate governance services to the global financial community, today announced it has joined the Shared Assessments Program. The Shared Assessments Program was created by leading financial institutions, the Big 4 accounting firms, and key service providers to inject speed, efficiency and cost savings into the service provider assessment process. Through its industry-standard tools, Shared Assessments offers all parties in the outsourcing chain a faster, more efficient and less costly means of conducting rigorous and comprehensive assessments for security, privacy and business continuity. “Through membership in the Shared Assessments Program Working Group, RiskMetrics joins a global community of thought leaders in outsourcing and risk management,” said Catherine A. Allen, Chairman and CEO of The Santa Fe Group, which manages the Program. “We welcome RiskMetrics to our community and look forward to their contributions to the Program’s growth.” RiskMetrics has incorporated the detailed Shared Assessments Program controls into its information security, privacy and business continuity programs. This provides current and new clients with a transparent window into the inner-workings of RiskMetrics’ controls program for client risk assessment and due diligence purposes. “Our goal for joining the Shared Assessments Program is to exceed information security, privacy and business continuity best practices in the financial services industry,” said Mike Lemire, Head of Information Security at RiskMetrics Group. “Our clients will gain efficiencies in their due diligence and risk assessment process by utilizing the Shared Assessment framework. This demonstrates the value we place on the confidentiality and integrity of our clients’ data and business processes.” About RiskMetrics Group RiskMetrics Group is a leading provider of risk management and corporate governance products and services to participants in the global financial markets. By bringing transparency, expertise and access to the financial markets, RiskMetrics Group helps investors better understand and manage the risks associated with their financial holdings. Our solutions address a broad spectrum of risk across our clients' financial assets. Headquartered in New York with 20 global offices, RiskMetrics Group services some of the most prestigious institutions and corporations worldwide. For more information, please visit, www.riskmetrics.com. RiskMetrics GroupSarah Cohn, [email protected] Ball, [email protected] Source: RiskMetrics Group

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