Announcements
February 18, 2025
MQF Students Collaborate with Google Risk Experts for AI-Powered Financial Analysis
Smith MQF students, guided by SERC Director Clifford Rossi and Google’s Pedro Morales, use AI tools to analyze financial data for credit risk signals. This project builds on prior ELP successes in climate and credit risk modeling.
Read News Story
:
MQF Students Collaborate with Google Risk Experts for AI-Powered Financial Analysis
February 4, 2025
Risk Management Academy Forthcoming from Smith Enterprise Risk Consortium
Registration is open for the SERC Risk Academy, a three-day workshop on risk management fundamentals, led by UMD professors and industry leaders. Presented by SERC and coordinated by Smith Executive Education, the program features expert instruction, including insights from SERC Director Cliff Rossi.
Read News Story
:
Risk Management Academy Forthcoming from Smith Enterprise Risk Consortium
January 28, 2025
Smith Expert Focuses Maryland Officials on Climate-Driven Insurance Crisis
Risk expert Clifford Rossi testified before Maryland lawmakers on January 21, 2025, warning that extreme climate events, like the recent LA fires, are overwhelming insurance companies. He proposed creating a federally chartered National Hazard Insurance Corporation (NHIC) to address the crisis.
Read News Story
:
Smith Expert Focuses Maryland Officials on Climate-Driven Insurance Crisis
January 24, 2025
Risk Matters: Cyber Risk and AI – The Changing Landscape
Cyber risk is a top concern for organizations worldwide, intensified by AI's dual role in bolstering defenses and enhancing attacks. The Gordon-Loeb Model offers a cost-benefit framework to optimize cybersecurity investments, emphasizing AI's evolving, game-theoretic complexities.
Read News Story
:
Risk Matters: Cyber Risk and AI – The Changing Landscape
January 15, 2025
Risk Matters: Killer Bees, Black Swans and Gray Rhinos
Risk events often deemed "unprecedented" are typically extreme iterations of past occurrences, argues Clifford Rossi, Professor of the Practice and Director of the Smith Enterprise Risk Consortium. Comparing these to “Killer Bees,” he emphasizes proactive risk management, urging organizations to anticipate and mitigate low-probability, high-severity scenarios with robust strategies and resources.
Read News Story
:
Risk Matters: Killer Bees, Black Swans and Gray Rhinos
January 14, 2025
Moody’s Analytics Economist Delivers Keynote at SERC Advisory Council Meeting
Cris deRitis, deputy chief economist at Moody’s Analytics, delivered the keynote at the Smith Enterprise Risk Consortium Advisory Council meeting, offering insights on economic resilience, interest rates, consumer behavior, entrepreneurship, and geopolitical risks, advancing SERC’s mission of industry-academic collaboration.
Read News Story
:
Moody’s Analytics Economist Delivers Keynote at SERC Advisory Council Meeting
January 14, 2025
Vigilance, Resilience, Flexibility as Keys to Countering Evolving Cyber Threats
Experts from the Smith School of Business and School of Public Policy convened for the 20th Financial Information Systems and Cybersecurity Forum, addressing cyber risk management through vigilance, resilience, and flexibility amid evolving threats and emerging technologies.
Read News Story
:
Vigilance, Resilience, Flexibility as Keys to Countering Evolving Cyber Threats
December 17, 2024
Risk Matters: The Case for Enterprise Risk Management in Higher Education
Poor risk management practices eventually come back to haunt those organizations that fail to take a broad and proactive view at managing risk.
Read News Story
:
Risk Matters: The Case for Enterprise Risk Management in Higher Education
November 25, 2024
Small Business Still Means Big Risk – Listen to Economists
EY Professor Lawrence A. Gordon highlights that cyber risks pose significant threats to businesses, particularly small ones. Limited resources make small businesses prime targets for cybercriminals, who exploit their vulnerabilities, underscoring the need for affordable cybersecurity measures.
Read News Story
:
Small Business Still Means Big Risk – Listen to Economists
November 13, 2024
Risk Matters: Where Models and Cognitive Bias Collide
Risk decisions often falter due to cognitive biases, underdeveloped decision-making processes, and overreliance on models. Clifford Rossi argues that robust frameworks and balanced decision structures are essential to navigate uncertainty effectively and mitigate poor risk outcomes.
Read News Story
:
Risk Matters: Where Models and Cognitive Bias Collide
September 29, 2022
A Climate Change Call to Arms for Risk Modelers
Hurricane Ian is now a tropical storm, but estimates for the storm’s Florida landfall included a million-plus homes at risk for damage, with overall damages and losses expected to top $67 billion, according to Bloomberg.
Read the article
:
A Climate Change Call to Arms for Risk Modelers
July 18, 2022
Jamie Dimon Blasts Fed’s Stress Test. Smith’s Clifford Rossi Partially Agrees, Explains
The Federal Reserve’s bank stress test is “capricious” and “arbitrary.” . . . “It’s inconsistent. It’s not transparent. It’s too volatile.” These descriptors came late last week from JPMorgan Chase CEO Jamie Dimon during his bank’s quarterly earnings call. It was a response to results of the latest…
Read the article
:
Jamie Dimon Blasts Fed’s Stress Test. Smith’s Clifford Rossi Partially Agrees, Explains
June 9, 2022
Climate Finance Risk Management Virtual Bootcamp Dovetails with SEC Proposed Disclosure Rules
The Securities and Exchange Commission’s recently proposed updated rules for public companies to report the climate-related impact of their businesses to the federal government and their shareholders.
While the commission collects public comments on the proposal up to June 17, the University of…
Read the article
:
Climate Finance Risk Management Virtual Bootcamp Dovetails with SEC Proposed Disclosure Rules
June 9, 2022
Mitigating Drug Shortages via a Quality Management Rating System is Viable: New Study
The longstanding ‘safe and effective’ regulatory approach to assure Americans their drug products meet a high standard of quality remains effective. However, the pharmaceutical industry needs an additional apparatus – a quality rating system – to address recent supply shortages that are…
Read the article
:
Mitigating Drug Shortages via a Quality Management Rating System is Viable: New Study