U.S. Treasury Tabs Rossi, Madan Among Speakers
for Financial Reform Conference
Robert H. Smith School of Business faculty members Cliff
Rossi and Dilip B. Madan
are among experts selected by U.S. Treasury officials to speak at a conference on
The event, "Macroprudential Toolkit: Measurement and Analysis" takes place Thursday
and Friday, Dec. 1-2 at the Hyatt on Capitol Hill. (Macroprudential refers to focus
on the financial system as a whole, as opposed to individual institutions, markets,
It's an early product of the Office of Financial Research and Financial Stability
Oversight Council - both created by the Dodd-Frank Wall Street Reform and Consumer
Protection Act. Operating within the Treasury, the OFR supports the council comprised
of Federal Reserve, Treasury and other agency officials.
The event is designed to gather "thought leaders from the financial regulatory
community, academia and the financial services industry to discuss data and technology
issues and analytical approaches for assessing threats to financial stability."
Madan, a professor of finance, is participating in a first-day, afternoon panel
discussion on "Market and liquidity metrics as indicators of systemic fragility."
Rossi, executive-in-residence and Tyser Teaching Fellow, will present a recent
paper on risk governance as part of a second-day, afternoon session, "Risk Management:
What's the Frontier."
“The OFR is a new agency starting to flex its muscle by identifying issues and
analytical approaches for assessing and mitigating threats to the financial markets,”
Rossi said. “It's especially timely to the
breaking developments surrounding the
debt crisis in Europe.”
With about 25 years’ experience in banking and government and having held senior
executive roles in risk management at several large financial services companies,
Rossi was asked to participate by OFR director Richard Berner, a counselor to Treasury
Secretary Timothy F. Geithner, who will speak during the conference as well.