Moody’s Analytics Economist Delivers Keynote at SERC Advisory Council Meeting
Cris deRitis, deputy chief economist at Moody’s Analytics, delivered the keynote at the Smith Enterprise Risk Consortium Advisory Council meeting, offering insights on economic resilience, interest rates, consumer behavior, entrepreneurship, and geopolitical risks, advancing SERC’s mission of industry-academic collaboration.
Vigilance, Resilience, Flexibility as Keys to Countering Evolving Cyber Threats
Experts from the Smith School of Business and School of Public Policy convened for the 20th Financial Information Systems and Cybersecurity Forum, addressing cyber risk management through vigilance, resilience, and flexibility amid evolving threats and emerging technologies.
Risk Matters: The Case for Enterprise Risk Management in Higher Education
Poor risk management practices eventually come back to haunt those organizations that fail to take a broad and proactive view at managing risk.
Small Business Still Means Big Risk – Listen to Economists
EY Professor Lawrence A. Gordon highlights that cyber risks pose significant threats to businesses, particularly small ones. Limited resources make small businesses prime targets for cybercriminals, who exploit their vulnerabilities, underscoring the need for affordable cybersecurity measures.
Risk Matters: Where Models and Cognitive Bias Collide
Risk decisions often falter due to cognitive biases, underdeveloped decision-making processes, and overreliance on models. Clifford Rossi argues that robust frameworks and balanced decision structures are essential to navigate uncertainty effectively and mitigate poor risk outcomes.
Smith Enterprise Risk Consortium Announces New Mortgage Risk Indexes
The Smith School's Enterprise Risk Consortium introduces two mortgage risk indexes: the Mortgage Credit Risk Index (MCRI) and Mortgage Redtail Risk Index (MRRI). MCRI measures 3-5-year default risk on GSE-eligible loans, while MRRI identifies loans with high-risk factors, aiding lenders, investors, and regulators in assessing mortgage credit risk and adverse selection.
Smith Faculty Awarded Grants for Innovative Teaching Practices
Smith’s Teaching/Learning Innovation Grant supports Cliff Rossi’s experiential learning project, where students analyze climate risk impacts on mortgages using machine learning. The project develops industry-relevant skills, preparing students for top finance roles and advancing climate-risk insights in housing.
Risk Matters: Stabilizing Homeowners Insurance via a Private-Public Capital Market Solution
Clifford Rossi argues that the homeowners insurance market is unraveling due to rising natural disaster risks. He proposes a government-sponsored entity to centralize hazard insurance, improving risk management and financial stability.
Tackling Risk Challenges in Community Banking
The collapse of regional banks in 2023 revealed widespread risk mismanagement and prompted regulatory scrutiny. Rising interest rates now threaten community banks, highlighting the need for robust management. University of Maryland students investigated these issues in a national case competition with local banks.
Reddit AMA: Smith’s Clifford Rossi Gives Climate Finance Insights
Reddit featured UMD professors Clifford Rossi and Tim Canty in a "climate finance" Ask Me Anything session, highlighting their collaboration in climate finance education and their new MS in Climate Finance and Risk Management degree.