FDA Taps Smith Expert in Making Case for Drug Manufacturing Efficiency
The Smith School’s Clifford Rossi contributed economic expertise to a new FDA white paper showing how quality management systems can reduce drug shortages, cut costs, and boost supply chain resilience through continuous domestic pharmaceutical manufacturing.
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Audience: Risk practitioners at all levels
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SERC Student Project Takes Center Stage at Google Higher Ed Leader Series Conference
Krisha Chheda, ’25 MQF, presented a Google-sponsored credit risk project at Google’s Higher Ed Leader Series, highlighting Smith master’s students’ use of AI to analyze banking and fintech practices through the Smith Enterprise Risk Consortium’s experiential learning program.
Smith School’s AI Collaboration with Google Sets New Standard in Credit Risk Evaluation
Smith Master of Quantitative Finance students partnered with Google to build AI-driven credit risk ratings for banks and fintechs, analyzing 25,000+ financial documents. Their work showcases how AI and financial expertise can transform credit assessment and industry forecasting.
Mortgage Credit Risk Remains Low, Stable in New Report from UMD’s Smith Enterprise Risk Consortium
Credit risk for GSE-eligible mortgages remained low and stable in Q3 2024, according to indexes from the Smith Enterprise Risk Consortium, though risk has gradually increased since 2021 due to borrower composition and loan term shifts.
Startup Bazaar Showcases Smith Impact, Leadership in Business Education
Startup Bazaar, held April 12 at the Smith School, showcased the state’s tech ecosystem and featured leaders including Lt. Gov. Aruna Miller. The event highlighted Smith’s role in innovation, entrepreneurship and AI, and drew strong participation from startups and state officials.
Risk Matters: It’s Time to Merge Fannie Mae and Freddie Mac
Merging Fannie Mae and Freddie Mac is a critical step before privatization, argues Clifford Rossi, to reduce systemic risk, eliminate duplicative costs, and simplify the mortgage system—setting the stage for a safer, more efficient housing finance market transition.
Risk Matters: Tariff Risks and Opportunities for Pharma Manufacturers
Clifford Rossi, Academic Director of the Smith Enterprise Risk Consortium, warns that pharma tariffs could disrupt supply chains, raise costs, and pressure manufacturers, especially generics. Adopting continuous manufacturing (CM) offers efficiency gains, balancing risk mitigation with strategic investment.
Smith Enterprise Risk Consortium Releases Mortgage Credit Risk Index Results
The Smith Enterprise Risk Consortium (SERC) at UMD’s Smith School released Q2 2024 results for its Mortgage Credit Risk Index (MCRI) and Mortgage Redtail Risk Index (MRRI). SERC Director Clifford Rossi noted that credit risk remains stable despite a slight year-over-year rise.