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.
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.
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.
‘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
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.”
Commercial Real Estate in Demise?
Pre-pandemic, healthy demand for office and retail spaces signaled a growing commercial real estate (CRE) market. Loans were readily available, often with favorable terms. But the COVID lockdowns shifted the landscape significantly with businesses shuttering and employees transitioning to remote work.