New UMD Smith SERC-ABA Report Defines ‘Basel III Endgame’ Flaws
Federal regulators are drafting new capital rules for banks, contested by industry experts like Clifford Rossi, Professor of the Practice and Director of SERC at the University of Maryland’s Robert H. Smith School of Business. Rossi argues against the rules as he warns of adverse economic impacts.
Smith MQF Team Excels in ‘Credit Risk Transfer’ Project for Freddie Mac
In a notable academic endeavor, students from Smith's Master of Quantitative Finance program undertook an experiential learning project, crafting a model for valuing credit risk transfer (CRT) securities for Freddie Mac. Led by Professor Clifford Rossi, their rigorous methodology and innovative approach signal advancements in mortgage finance.
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SERC Previews Mortgage Climate Risk Analyzer for State Officials
The Maryland Department of Emergency Management collaborates with the University of Maryland's Robert H. Smith School of Business to develop a Mortgage Climate Risk Analyzer. Led by Professor Clifford Rossi, the tool assesses climate-related risks to homeowners, aiding in disaster preparedness and resiliency efforts.
The banking regulatory agencies recently proposed a new set of capital rules for large banks referred to as Basel 3 Endgame (B3E) that have broad sweeping implications not just for those institutions but also for consumers, businesses and the economy at large. In this webinar, we will examine the key features of B3E and how those proposed rules could impact banks as well as their customers and overall markets. We are thrilled to have Greg Baer, President and CEO of the Bank Policy Institute as our guest to walk through these topics moderated by Dr.
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This month we explore some of the latest thinking about cyber insurance including the types of policies available on the market, challenges in pricing cyber insurance, what has worked and not worked in this market as well as how AI might affect cyber risk going forward, among other topics.
Speakers:
- Janice Englesbe, SVP and Chief Risk Officer, Arch Capital Group, Ltd.
- Dipak Varsani, Vice President – Risk Manager
Moderator: Cliff Rossi, Director, SERC
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‘Collective Action’ a Focus of the 19th Forum on Financial Information Systems and Cybersecurity: A Public Policy Perspective
University of Maryland researchers and the U.S. Attorney for Maryland described the significance of cybersecurity as a collective action, as part of the 19th Forum on Financial Information Systems and Cybersecurity: A Public Policy Perspective.
Cybersecurity Risk: A Technology Problem Requiring an Economic Solution
By Lawrence A. Gordon, EY Professor of Managerial Accounting and Information AssuranceRepublished with permission from Dataquest Magazine
SERC’s first Risk Leadership webinar of 2024 focuses on the core skills necessary to manage risk effectively for any sector. We are pleased to have Diane Doering, Global Head of Enterprise Risk Management of Takeda Pharmaceuticals as our guest this month. Doering is one of the few risk managers who has effectively crossed over from one industry to another, in this case, financial services to the pharma industry. This webinar will review what that transition was like and what specific skills and experiences help make such transitions.
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The Case for Enterprise Risk Management in Higher Education
Companies have managed risk for years. Traditionally, each business unit evaluates and handles their own risk, then reports to the CEO. Now, conventionally, the practice is holistically evolving to “enterprise risk management” or “ERM.”