Aug 142017

Will Dodd-Frank Act Reform Be a Boon or Bust for Risk Managers?!/risk-intelligence/culture-governance/oversight/a1Z40000003Yq6iEAC/Will-Dodd-Frank-Act-Reform-Be-a-Boon

Aug 102017
Bill Longbrake

Bill Longbrake

Summers are customarily a time to go on holiday, spend time with family and friends and recharge one’s “batteries” in preparation for the onslaught of fall duties and obligations. Except for “fire and fury” comments about North Korea, the dog days of August are upon us. No financial markets crisis of any sort appears imminent. That could change when Labor Day passes and market participants put aside the mellow days of summer and take a harder look at economic and market prospects. So, in the absence of any significant economic developments and the likelihood that economic challenges and financial markets volatility is a long ways off, this summer’s July/August combined Longbrake Letter focuses on recent data reports and revisions in previously reported data. For now, the economy and markets are advancing slowly and methodically.

Read the full letter.

Jun 232017
Bill Longbrake

Bill Longbrake

In this month’s Letter, Bill Longbrake discusses whether the FED’s monetary policy intentions might turn out to be a major mistake that propels the U.S. economy into a premature recession. Based on employment, the U.S. economy is already operating at full capacity. But  inflation remains well below the Fed’s target of 2% and has declined over the past three months. The Fed expects to raise short-term interest rates from a range of 1.00-1.25% to 2.75-3.00% over the next two years. However, the market disagrees and only believes rates should be raised to a range of 1.50-1.75%. If the market is right, the FED may be on a policy course with disastrous consequences.  There is good reason to be concerned in light of imbalances in the U.S. economy unleashed by the Fed’s unprecedented and extended multi-year manipulation of interest rates to reflate the economy. Bill also discusses other risks (yellow flags) facing the U.S. economy and pending developments in health care legislation and fiscal policy, as well as providing updates on a variety of other economic developments.  Read the full letter.

Jun 212017

COLLEGE PARK, Md. (June 20, 2017) — A new ranking by the Financial Times, released yesterday, recognizes the Master of Finance program at the University of Maryland’s Robert H. Smith School of Business as No. 4 in the nation and No. 38 in the world.

The Financial Times Global Masters in Finance rankings only includes accredited, full-time, cohort-based programs with a minimum of 30 graduates each year. This is the first time the Smith School participated and was ranked.

The rankings measure 17 criteria, gathered from school data and from two surveys, one completed by the business school and the second by alumni who graduated in 2014. Factors that go into the calculation include salary figures three years after graduation, salary increase, value for the money, career progress, employment after three months of completing the program, and data on the program’s diversity, international makeup, faculty, and courses.

According to the Financial Times report, demand for master’s of finance degrees is on the rise from companies looking for well-rounded finance graduates who can navigate “political uncertainty and the complex global economic environment.” The London-based newspaper reports that the number of people from around the world who want to study finance is increasing, especially from China. The rankings also point to a steady increase in the number of women enrolled in master’s of finance programs.

Launched in 2009, Smith’s MFin program is one of seven specialty programs currently offered by the school. For more information on specialty masters programs at Smith, visit:


If you are interested in working with the Smith School’s Finance faculty and students on an experiential learning project, please email Kristen Fanarakis


About the University of Maryland’s Robert H. Smith School of Business 

The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, specialty masters, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.

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Jun 212017

This month’s GARP Risk Intelligence CRO Outlook column is on the importance of risk management training.  For many of us, our chosen profession in risk management was to some extent accidental, requiring years of on-the-job training in a number of risk-related roles. This article discusses the need for risk training to ensure risk readiness across the enterprise.

Read the full column.