MFDF, Dechert and the Center for Financial Policy at the University of Maryland Robert H. Smith School of Business will host an one-day programs on all things ESG oversight for fund boards in Washington, DC. From SEC new and proposed rules, industry data requirements, sustainability rating structures, and oversight responsibilities for fund boards.
Note: If you register to attend the event virtually after April 10, please email kfanarak@umd.edu for login details.
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Several University of Maryland Researchers Meet at Smith to Talk Climate Finance
Supply chain risks from weather and climate, financing infrastructure risk reduction, and how measurement affects management when it comes to climate reporting were among the topics discussed at the Smith School on October 27 and 28, 2022. Roughly 30 participants, including University of Maryland professors, students, and representatives from financial institutions like the World Bank, T. Rowe Price, and PricewaterhouseCoopers were in attendance.
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.
Smith, UMD Experts to Discuss New Approach to Quantifying Financial Impacts of Climate Change
Experts from the University of Maryland and the investment management firm Conning will discuss a new approach to modeling climate risk to financial markets, in a free webinar at 9 a.m. Thursday, Sept. 22, 2022, hosted by the Center for Financial Policy (CFP) at UMD’s Robert H. Smith School of Business.
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, annual stress test – the Fed’s response to the 2008 financial crisis to help ensure that large, systemically important banks have sufficient capital buffers to withstand future crises.
Musk’s Buyer’s Remorse and Potential Deal Outcomes
Elon Musk’s move to abandon his $44 billion offer to buy Twitter has the company intent on forcing the deal through. Musk says the traffic of bots on the platform is prompting his decision in addition to his subsequent dispute with Twitter over how much data the social network should share toward answering his inquiries about these non-human accounts.
Are Corporate Profits Driving Inflation?
Consumers are feeling the effects of the highest inflation rates in decades, particularly on essentials like groceries and gas, while many big companies are reporting record profits. That dichotomy is angering a lot of Americans and public officials. But corporate greed isn’t to blame for inflation, says Maryland Smith finance professor Michael Faulkender.
Liquidity and Capital Risk Webinar Set for July 20
COLLEGE PARK, Md. – June 30, 2022 – The Center for Financial Policy at the University of Maryland’s Robert H. Smith School of Business, and Deloitte, will present a Liquidity and Capital Risk Webinar for financial professionals, from 9-10 a.m. Wednesday, July 20, 2022.
Midyear Stocks to Watch
Amid the highest inflation in 40 years, the “outlook for U.S. stocks in the second half of 2022 is very uncertain with at least a 50% probability of a recession in 2022 or 2023,” says Clinical Professor of Finance David Kass at the University of Maryland’s Robert H. Smith School of Business.
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 attributable to deficiencies in manufacturing practices, says Maryland Smith’s Clifford Rossi, a risk management expert. Think CMNS nursing home ratings and CARFAX® car history reports, he adds.