We are excited to announce that Prof. Ping McLemore from Federal Reserve Bank of Richmond, a leading expert in risk qualification, measurement, and modeling at large financial institutions will be participating in our upcoming Finance Area Research – Women in Finance Series. 

The seminar will take place on May 5 at LAN Conference Room 363. It has limited seating, but open to all COB faculty/staff and PhD students.

Ping McLemore

Federal Reserve Bank of Richmond

Dr. Ping McLemore is a Senior Financial Economist in the Quantitative Supervision & Research group at the Federal
Reserve Bank of Richmond. She has expertise in risk quantification, measurement, and modeling. In her full-time role
at the Fed, she serves as the deputy lead of a team of financial economists and quantitative analysts who are responsible
for the modeling of operational risk at large financial institutions in the Federal Reserve's stress-testing program. She
also contributes to numerous other Federal Reserve projects in financial institution quantitative surveillance. Her
work has been published in peer-reviewed journals, including the Journal of Financial and Quantitative Analysis, Research
Policy, Journal of International Money and Finance, and Financial Review. Dr. McLemore is an adjunct professor at the Robert
H. Smith School of Business of the University of Maryland, College Park, teaching Banking and Financial Institutions
and Investments.

Haste Makes Waste: Banking Organizations and Operational Risk

Abstract: This study shows that banking organization growth is associated with higher operational losses per dollar of total assets and incidence of tail risks. Event studies using M&A activity and instrumental variable regressions provide consistent evidence. The relationship between banking organization growth and operational risk varies by loss event types and balance sheet categories. We demonstrate that higher growth predicts worse operational risk realizations during the global financial crisis. These findings have implications for bank performance, risk
management, and supervision in a continually growing and consolidating banking industry.