RASB is a not-for-profit organization, limited by guarantee, that is run by its members for the benefit of its members. Its mission is to position Risk Accounting as the universally adopted method of identifying, quantifying, aggregating and reporting all forms of non-financial risks.

RASB combines the attributes of a global professional and standards setting organization with modern data sharing to provide benchmarking and other data services to its members as well as supporting regulatory, governmental and other public disclosure requirements. RASB membership is open to all corporate entities interested in implementing the latest, leading edge approaches to risk measurement and management, as well as individuals who wish to pursue a career in modern risk and financial management.

RASB is operated through a global network of not-for-profit, private legal entities limited by guarantee. Where this legal form is not available a similar alternative will be adopted. The lead entity (RASB HQ) sets operating policies, manages global relationships and contracts and delivers support and administrative services to the global network. Country or regional RASB entities deliver support and administrative services to corporate and individual members.



RASB HQ hosts a Risk Accounting Standards Board (RASB) comprised of leading academics and practitioners. Its function is to approve Risk Accounting standards for publication, the requirements for the ‘Certified Risk Accountant’ qualification and ethical and professional standards of conduct.

The RASB’s current composition is:

Peter J. Hughes FCA (Chairman)
Peter is Chairman of the Risk Accounting Standards Board. He is a chartered accountant and a visiting fellow and member of the advisory board of Durham University Business School’s Centre for Banking, Institutions and Development (CBID) research group. He was formerly a banker with JPMorgan Chase where he held senior positions in finance, operations, risk management, treasury & trading and audit.
Allan D. Grody
Allan is the President and founder of the Financial InterGroup of companies in the USA and a former adjunct professor of Risk Management Systems at NYU’s Stern Graduate School of Business. In an earlier career, he was the founder and Partner-in-charge of Coopers & Lybrand’s Financial Services Consulting Practice, which was subsequently merged with Price Waterhouse and eventually sold to IBM. He is a founding editorial board member of the Journal of Risk Management in Financial Institutions and a board member of the Blue-Ribbon Panel of the Professional Risk Managers’ International Association (PRMIA).
Dr Dennis Philip, PhD

Dennis is a Professor in Finance at the Durham University Business School and Director of its Centre for Banking, Institutions and Development (CBID) research group. He holds a PhD in Finance from Cass Business School. His research contributes to the understanding of the interactions between firm characteristics and financial markets. His research has been funded by financial companies, central banks and recently from the European Commission. He is involved in various policy-led research projects, in particular research in financial literacy and inclusion in emerging markets, with international connectivity in both academia and practice.

RASB commissions and supervises the development of a RegTech software solution – ‘MetRisQ’ – that incorporates approved Risk Accounting standards. MetRisQ also prepares anonymized risk data to enable data sharing with participating members and for approved public disclosure. RASB’s preferred supplier of software development services is Sinoptix SA, a European IT services firm.