Is It Time for Financial Climate Risk Regulation?

Financial institutions should be accounting for climate change, but risk models currently are insufficient for regulators to mandate climate stress testing or capital requirements, Maryland Smith’s Clifford Rossi said this week, speaking to the Subcommittee on Consumer Protection and Financial Institutions in the U.S. House of Representatives.

What’s Ahead for Mortgage Rates?

What’s ahead for mortgage rates? There will be movement, says Maryland Smith’s Clifford Rossi, the question is: How much? Rossi says he expects the 30-year fixed-rate mortgage rate to remain low by historical standards, but not as low as it is now. He says the 30-year mortgage rate is likely to rise to 3.5-3.6% by year-end, from the current 2.7%. The 15-year mortgage rate, he says, could also rise to 2.5-2.6%, from the current 2.1%.

Students’ Challenge: Helping Fannie Mae, Freddie Mac Manage Risk

In their seven-week experiential learning projects, master’s of quantitative finance students are given a task that realistically would take many months to accomplish. That’s intentional, says Maryland Smith’s Clifford Rossi. In academics as in life, the most arduous challenges are often the ones that teach us the most.

Lessons from Citi’s Revlon Error

A recent $500 million “clerical error” at Citigroup exposes an inherent weakness in big banks that provides lessons to be learned.

10 COVID-Era Trends That Are Here To Stay

The pandemic has changed so much about the way we live and work. And some of those changes are here to stay.

Understanding Climate Risks: A Blueprint for Financial Regulators

How regulators can better understand the risks facing the financial and mortgage industry.

Oct. 19–Nov. 6, 2020

This comprehensive set of learning modules led by senior risk leaders at mortgage-specializing institutions. Topics include elements of risk governance, mortgage credit risk management, operational risk management for mortgage lending, secondary marketing risk management and mortgage risk analytics, among other key risk topics. 

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Considerable meteorological research suggests that the frequency and intensity of North Atlantic hurricanes are on the rise. The focus of this presentation is to assist attendees to better understand the specific impacts of hurricane intensity and frequency on mortgage default.

Clifford Rossi, executive-in-residence and professor of the practice at Maryland Smith, will be moderating the CRO panel on hurricane risk.

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How Maryland Smith Is Helping the FDA Think About Drug Manufacturing and Risk

Pandemic-era disruptions underscored a troubling reality in the pharmaceutical industry – an outsized reliance on foreign manufacturers for the raw ingredients for drugs sold in the United States. It’s a situation that exposes Americans to numerous risks – operational, financial, geopolitical and environmental. As concerns mount about those risks, the Food and Drug Administration’s Center for Drug Evaluation and Research (CDER), Office of Pharmaceutical Quality (OPQ) is looking to the University of Maryland’s Robert H. Smith School of Business for help with answers.

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