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UrduProfessor Robert F. Engle III, Nobel Laureate in Economics and Michael Armellino Professor of Management and Finance at New York University Stern School of Business, recently delivered a provocative talk at Sasin titled “A Financial Approach to Climate Risk: Portfolios, Greenwashing, Stress Testing, and Long Run Risk,” on February 27, 2024.
Tag: Risk Management
New algorithm maps safest routes for city drivers
A group developed a new approach which identifies the safest possible route in an urban network using real-time crash risk data, and can be incorporated into navigation apps such as Google Maps.
Enterprise Risk Consortium Forthcoming from UMD Smith
Risk management expert Clifford Rossi to lead initiative targeting risk practitioners in response to evolving climate change events and recent bank failures.
FDIC Takeover, JP Morgan Acquisition of First Republic: Risk Management Expert Available
Risk Management expert Clifford Rossi at the University of Maryland’s Robert H. Smith School of Business can comment on the factors and implications surrounding the FDIC takeover of First Republic Bank and subsequent sale of the bank to JPMorgan Chase Bank. Rossi…
Framework helps local planners prepare for climate pressures on food, energy & water systems
As the world faces increasingly extreme and frequent weather events brought on by climate change – such as droughts, floods, heatwaves, and wildfires – critical civic resources such as food, water, and energy will be impacted.
Citi’s Q4 Profit Decline: Former Citi Risk Exec Clifford Rossi Available
Risk expert Clifford Rossi at the University of Maryland’s Robert H. Smith School of Business is available to discuss the factors and implications of Citi’s Q4 decline in net profits by more than 21% from a year ago, as the bank sets aside more…
Risk Lessons from FTX
UMD Smith professor Clifford Rossi, who saw the subprime meltdown from the inside of Citi, WaMu and Countrywide leading to the 2008 financial crisis, dissects the FTX collapse from a risk management perspective.
Mitigating Drug Shortages via a Quality Management Rating System is Viable: New Study
A “quality management maturity” (QMM) rating system for pharmaceutical manufacturing facilities is viable toward reducing drug shortages and increasing medicine availability, according to research by risk management expert Clifford Rossi at the University of Maryland.
Webinar: A Scientist’s Take on Climate Models and Risk Management Applications
In the week following COP26, University of Maryland experts Tim Canty (Department of Atmospheric and Oceanic Science) and Clifford Rossi (Center for Financial Policy) will give insights on the latest IPCC climate change report and its implications for risk managers.
Finance Themes to Watch for During COP26
Having held senior executive roles in risk management at several of the largest financial services companies, Maryland Smith professor Clifford Rossi examines climate change implications for finance and risk management ahead of COP26.
New ‘Federal Risk Academy’ Certificate Program to Launch from Maryland Smith’s Center for Financial Policy
Maryland Smith and Deloitte will deliver a certificate program covering risk management for federal employees, in live virtual sessions between Jan. 11 and Feb. 1, 2022.
Argonne, New York Power Authority plan for the future in a changing climate
Argonne and the New York Power Authority are collaborating to determine how the utility’s infrastructure may be affected by extreme weather and other hazards.
CWRU School of Law to offer new master’s degree and certificates in compliance and risk management, starting with a specialization in health care
Case Western Reserve University launches new program meet the increasing demand by health care-related businesses and government agencies for experts in state, federal and international laws and regulations
Organizational Resilience to Disruption Risks: Developing Metrics and Testing Effectiveness of Operational Strategies
This study draws from the system resilience literature to propose three different metrics for evaluating the resilience performance of organizations against disruptions: the initial loss due to the disruption, the maximum loss, and the total loss over time. The first…
Peatlands pose complex, poorly understood fire risk, researchers warn
Five years after the disastrous wildfire in Fort McMurray, Alberta, researchers are warning that the complex role of peatlands, a factor critical to projecting the risk and behaviour of future fires, is missing from the forecasting model.
The Role of Time in Risk and Risk Analysis: Implications for Resilience, Sustainability, and Management
When conducting a risk analysis, it is critical to clearly address the time frames. Consider the consequences of a hurricane: does your risk assessment consider indirect effects over a few years or just immediate ones? It can make a large…
Texas Energy Debacle is a Risk Management Nightmare
Finance professor and risk management expert Clifford Rossi, who’s held senior executive roles in risk management at several of the largest financial services companies, is available to expand on his assertion that the “Texas energy debacle is a risk management…
ASU supply chain professor on the challenges now facing residents, businesses and hospitals in Texas amid power outage
Hitendra Chaturvedi is a professor at the W. P. Carey School of Business at Arizona State University and an expert in supply chain strategy, global logistics, entrepreneurship, sustainable supply chains and digitizing supply chains. Chaturvedi can speak to the supply…
UMD Experts to Explore Climate Change Policy Implications for Financial Risk Managers
Experts Clifford Rossi and Leon Clarke at the University of Maryland lead a discussion on “Cracking the Code on Climate Change Economic Scenarios: Issues in Translating Physical to Financial Risks.”
AXA Chair at UC Santa Cruz funds efforts to build coastal resilience naturally
Global insurance company AXA has established the AXA Chair in Coastal Resilience at UC Santa Cruz to support the work of Michael Beck, a research professor in the Institute of Marine Sciences and the Department of Ocean Sciences, to advance the conservation and restoration of coastal habitats as natural defenses against storms and climate change.
Webinar: Carbon Transition Risk
UBS Quant Insight Series 2020, co-hosted by Maryland Smith, continues with a focus on climate change as a risk-management issue for investors.
Webinar: Risk Perspectives in Turbulent Times
Risk experts representing the University of Maryland’s Center for Financial Policy and Freddie Mac will discuss the evolution of enterprise risk management, top risk issues affecting the mortgage industry and the role of analytics in risk management in a free, July 31 webinar.
How to Tackle Climate Change, Food Security and Land Degradation
How can some of world’s biggest problems – climate change, food security and land degradation – be tackled simultaneously? Some lesser-known options, such as integrated water management and increasing the organic content of soil, have fewer trade-offs than many well-known options, such as planting trees, according to a Rutgers-led study in the journal Global Change Biology.
Adapting to climate change: We’re doing it wrong
When it comes to adapting to the effects of climate change, scientists and policymakers are thinking too small, according to a new research review.
Study Finds Companies Would Be Wise to Share Cybersecurity Efforts
Research finds that when one company experiences a cybersecurity breach, other companies in the same field become less attractive to investors. However, companies that are open about their cybersecurity risk management fare better than peers that aren’t.