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 Maryland has crafted a Climate Finance and Risk Management Bootcamp (June 23 and 30) geared to mid-career and senior professionals across industries, who increasingly weigh climate-change factors into business decisions and financial disclosures.

UMD to Present Climate Finance and Risk Management Bootcamp

As climate change increasingly affects business decision-making, risk managers, financial analysts and other leaders must anticipate how weather events may impact their growth outlook, estimate how port taxes may increase because of rising sea levels, develop contingencies for supply chain disruptions and respond to the unexpected.

Senbet Recognized for Contributions to Ethiopia

Maryland Smith finance professor Lemma W. Senbet received the Ethiopian Crown’s Victory of Adwa Medal for his contributions to his native country. Senbet, an expert and leader in economic policy in Africa, is the William E. Mayer Chair Professor of Finance and the founding director of Smith’s Center for Financial Policy.

Inflation’s Root Cause and Downside of a ‘Windfall Profits Tax’

The consumer price index’s 7.9 percent increase over the past year “is excessive inflation” and “primarily the result of unnecessary fiscal stimulus ($1.9 trillion American Rescue Plan Act)” that has been “bolstered by excessively accommodative monetary policy by the Federal Reserve,” said Maryland Smith’s Michael Faulkender in opening remarks to lawmakers in an April 5, 2022, Senate Budget Committee hearing titled “Corporate Profits are Soaring as Prices Rise: Are Corporate Greed and Profiteer

Short-term funding markets provide essential short-tenor financing for banks, dealers, and nonfinancial firms. They also play a central role in monetary policy transmission. These markets have experienced substantial funding stress and investor runs during the 07-09 financial crisis and the recent Covid-19 market turmoil, destabilizing the financial markets and beyond.

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Maryland Smith’s Rossi Selected for FDA Committee

Maryland Smith finance professor Clifford Rossi has been selected by the Food and Drug Administration to serve on its Pharmaceutical Science and Clinical Pharmacology Advisory Committee.

What Losing SWIFT Network Access Means for Russian Banks

With Moscow’s invasion of Ukraine intensifying, the United States and several key allies moved to cut Russia off from much of the global financial system – barring select Russian banks from participating the SWIFT global finance network.

2022 is shaping up to be another challenging year for the world, which is keeping risk management at the forefront of executive-level conversation. As businesses and governmental agencies learn to navigate the vast challenges of accelerating inflation, market volatility, geopolitical instability, COVID-19, supply chain disruptions, and labor shortages, organizations must take a strategic and risk-based approach to enterprise-level decision making. Importantly, risk managers must not operate in silos, and instead work to integrate with other key management functions.

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The Art and Science of Risk Management

Beyond quantifying and getting their boards to understand traditional financial risks such as credit and market risk, corporate risk officers are grappling with a host of nontraditional risks associated with and ranging from cyber to ESG (environmental, social and governance) and DEI (diversity, equity and inclusion).

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