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Master of Finance student Carl Fabian Woebbeking receives one of three GARP Research Fellowships

(PresseBox) (Frankfurt am Main, ) Carl Fabian Woebbeking, Master of Finance student at Frankfurt School of Finance & Management has been selected as one of three Research Fellows within the "GARP Partnership for Risk Education Research Fellowship". Following a call for research proposals, Research Fellows are selected by the Global Association of Risk Professionals (GARP). Each Research Fellowship is supported with USD 3,000. Mr. Woebbeking's research proposal "Risk Management Lessons from the London Whale - Understanding Relative Size of Trading Positions", has been selected from the jury, because it focuses on current global relevant financial risk management issues and needs.

"Considering the fact that this Fellowship Programme receives great interest from many students across GARP's network of Master-level programmes, I am more than happy to be selected as one of the three GARP Research Fellows. In particular, I am very happy about the hereby expressed support and acknowledgement for young researchers", says Carl Fabian Woebbeking. "The next steps will be to complete my research and to submit a final paper to GARP". Starting from a lesson learned perspective, the paper focuses on implications from a series of large losses at JP Morgan in 2012, for future risk management, especially the understanding of large trading positions and their specific risks, that might not be covered by classical risk measures.

Professor Dr Natalie Packham, Academic Director of the Master of Finance's Risk Management concentration, adds: "It is a great achievement that Carl Fabian Woebbeking will conduct his Master Thesis within the GARP Research Fellowship Programme. Fabian's research topic is highly topical and relevant for the Risk Management sector, and the community will be very interested in the results of his research."

Through this Fellowship Programme, GARP wishes to continue to build a strong culture of risk awareness and to deepen risk management competencies amongst students. Since autumn 2013, Frankfurt School's Master of Finance (concentration Risk Management) and the Master in Risk Management & Regulation are the first Master programmes in Germany to be accredited by GARP to cover at least 70% of the body of knowledge of the Financial Risk Manager (FRM) Part I examination. Awarding this Fellowship, GARP expands the relationship with the Frankfurt School of Finance & Management Masters Programmes.