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.”

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.

Study reveals hurricane risk impact on Florida housing market and economically vulnerable borrowers. With Hurricane Idalia's $9.36B toll and Florida's insurance market crisis, Smith Enterprise Risk Consortium examines US hurricane risk and housing market vulnerability. Focus on Florida's high-risk areas unveils impact on minority and low-income borrowers. Insights crucial for preparedness.

A July tornado that tore across the Rocky Mount, N.C., region left severe damage including to a Pfizer facility. Amid subsequent supply chain disruption, the manufacturer alerted hospitals to a list of 12 drugs available only through emergency orders “due to their high medical need,” effective “immediately and until further notice.” The disruption further prompted action from risk management expert Clifford Rossi and students in the Master of Quantitative Finance (MQF) program at the University of Maryland’s Robert H. Smith School of Business.

University of Maryland's Smith School of Business research influences SEC's new cybersecurity disclosure rules. SEC-registered businesses must adhere to updates. Martin P. Loeb's studies cited, emphasizing market reactions to cyber incidents. Gordon's advocacy spans 15+ years. Research supports mandatory disclosure. Implications for Smith Enterprise Risk Consortium's cyber risk understanding.

COLLEGE PARK. Md. – June 1, 2023 – An initiative targeting both industry practitioners and students to advance their knowledge and skills in risk management and to provide innovative risk analytics tools and modeling capabilities to institutions is forthcoming from the University of Maryland’s Robert H. Smith School of Business.