The climate crisis poses a systemic threat to financial markets and the real economy, with significant disruptive consequences on asset valuations and economic stability. Join us as we discuss the implications for markets, regulators, across industries and indeed for fiduciaries and asset managers.

Presentation by Veena Ramani Senior Program Director, Capital Market Systems, Ceres

Followed by a panel discussion with:

These new and innovative virtual case competitions allow Maryland Smith undergraduate majors and minors to solve a real global business issue with a focus on business resilience. During these 4-5 day IB agility labs, students will benefit from exposure to an international company, work on teams with business students around the world, and gain hands-on case experience to build their resumes. Each IB agility lab will focus on one functional area of business and will include an optional virtual cultural activity.

These new and innovative virtual case competitions allow Maryland Smith undergraduate majors and minors to solve a real global business issue with a focus on business resilience. During these 4-5 day IB agility labs, students will benefit from exposure to an international company, work on teams with business students around the world, and gain hands-on case experience to build their resumes. Each IB agility lab will focus on one functional area of business and will include an optional virtual cultural activity.

Climate change is primarily a risk-management issue for investors. The interaction of uncertainty around climate impacts and our utility in extreme states argues for rapid coordinated global action. The transition away from carbon-intensive economic activities will take decades, but market expectations could change quickly. Positioning portfolios ahead of this transition is a timely strategy with potential for both risk and return payoffs.

Speakers:

Global supply chains are a central organizing mechanism of the economy. Their effective management involves making trade-offs between network efficiency and resilience, as well as broader environmental, social, and governance impacts. This paper focuses on understanding global supply chains’ exposure and vulnerability to increasing climate extremes by analysing revenue-at-risk and response capacity to increasing climate extremes at 10,250 sites across the United States and China.

These new and innovative virtual case competitions allow Maryland Smith undergraduate majors and minors to solve a real global business issue with a focus on business resilience. During these 4-5 day IB agility labs, students will benefit from exposure to an international company, work on teams with business students around the world, and gain hands-on case experience to build their resumes. Each IB agility lab will focus on one functional area of business and will include an optional virtual cultural activity.

Pricing greenhouse gas emissions involves making trade-offs between consumption today and unknown damages in the (distant) future. This setup calls for an optimal control model to determine the carbon dioxide (CO2) price. The Epstein-Zin Climate model suggests a high optimal carbon price today that is expected to decline over time as uncertainty about the damages is resolved. It also points to the importance of backstop technologies and to very large deadweight costs of delay. Join Robert Litterman as he discusses pricing climate change risk in markets.

Speaker:

Oct. 19–Nov. 6, 2020

This comprehensive set of learning modules led by senior risk leaders at mortgage-specializing institutions. Topics include elements of risk governance, mortgage credit risk management, operational risk management for mortgage lending, secondary marketing risk management and mortgage risk analytics, among other key risk topics. 

How risk managers are adapting.

The pandemic has How have risk managers adapted to this new world where public safety issues drive economic and financial outcomes?

Sridhar "Subra" Subramanian, Head of US Consumer Risk, BMO Harris Bank will discuss with Professor Cliff Rossi the challenges associated with developing reasonable scenarios for stress testing bank portfolios during unprecedented times, data issues and key assumptions that go into building robust scenario analysis.

In lieu of our traditional annual Mortgage Risk Summit, please join us for the first of three digital events, all featuring key speakers and industry leaders from the MRS itself.