James Glover's Schools

• NYU Stern School of Business , Class of 1984 Bachelors Received a MA in Business Administration

James Glover's Publications

• James Glover on the NYU Stern School of Business, James Glover's Blog on Bigsight February, 2011 James Glover attended the NYU Stern School of Business where he earned a Masters in Business Administration. Established in 1900, the NYU Stern School of Business was initially established as the NYU Undergraduate School of Commerce, Accounts and Finance, an institution that focused on providing professional training for individuals looking to work in the business world. Since that time, the campus and curriculum has grown to include arts and science courses, a myriad of certifications and degrees, as well as a school of law and numerous entrepreneurship programs. Currently, the NYU Stern School of Business offers PhD and various MBA programs, as well as global degree programs and certifications. Offering supportive learning communities, global exposure, and balanced curriculum, the school boasts a vast array of academic opportunity. The NYU Stern School of Business also enjoys a number of research programs, including the Center for Digital Economy Research, the Salomon Center for the Study of Financial Institutions, the Center for Japan-U.S. Business and Economic Studies, and the NYU Pollack Center for Law and Business, among others. These programs consistently garner much recognition for the progressive and relevant contributions continually made in the way of business and scholarly research. The NYU Stern School of Business has produced a record amount of accounting firm partners, in addition to a multitude of graduates who have gone on to run Fortune 500 business. Consistently ranked as one of the top business schools in the nation by U.S. News and World Report and the Financial Times, the NYU Stern School of Business continues its legacy of fostering academic excellence and post-graduate achievement.

• Richard Bach, James Glover April, 2011 by James Glover American writer Richard Bach achieved nationwide acclaim for novels such as Jonathan Livingston Seagull and Illusions: The Adventures of a Reluctant Messiah, among many others. Born in 1936, Richard Bach has seen his works stand the test of time, publishing his first in 1970. Flying and air flight remain common themes in Bach’s novels, which employ them in both metaphorical and literal contexts. Bach himself once served in the New Jersey Air National Guard, flying several types of planes, including the F-84F with the United States Air Force 141st Fighter Squadron. Prior to publishing his novels, Bach also contributed to Flying magazine and worked as a technical writer for Douglas Aircraft. Jonathan Livingston Seagull, published in 1970, chronicled the life of a seagull who felt a passion for flying and enjoyed the act for more than basic survival instincts. Within two years, the book became the best selling hardcover since Gone with the Wind. Jonathan Livingston Seagull became a major motion picture in 1973. Bach married a fellow pilot named Bette and had six children with her. After their divorce in 1970, Bach found his life the subject of a novel, Above the Clouds, written by his son Jonathan. Above the Clouds chronicled the life of Jonathan, who was raised by a single mother and met Richard during his college years. While Jonathan Livingston Seagull is arguably Bach’s most famous novel, his list of works includes 14 others, as well as several short stories. Some of Richard Bach’s other well known books are There’s No Such Place as Far Away; the Bridge Across Forever: A Love Story, Out of My Mind; and Messiah’s Handbook: Reminders for the Advanced Soul.

• James Glover: Changes in Thinking on Liquidity Management in the Financial Sector , James Glover's Blog on Bigsight May, 2011 Experienced financial services professional James Glover provides an overview of how finance firms are modifying liquidity management approaches as the economy begins recovering from the liquidity crisis of 2008. The financial crisis of 2008 has led many financial firms to re-evaluate their liquidity management approaches. Across the industry, many companies have concluded that despite the costs involved, maintaining a liquidity buffer is one of the most effective ways to prevent future crises from destabilizing their core operations. At the same time, however, these companies seek to implement liquidity management approaches in the most efficient ways possible. This scenario has led to a number of widespread trends. Greater Short-Term Reserves Due to the provisions of the Dodd-Frank Act, banks must now maintain a liquid reserve sufficient to weather a crisis for at least 30 days. Additional regulations are pending between now and 2018, but many banks are acting now by developing cost-effective liquidity solutions based on regulatory transparency. Reassessment of Models and Assumptions Especially in the area of behavioral modeling, many firms are re-examining their key assumptions to determine whether they remain valid in the current financial climate. Inaccuracies in cash flow assumptions are being remedied through a more conservative approach to prepayment events and other nonmature cash assets. Crisis Simulations and Contingency Plans Many firms are developing methods of testing the resiliency of their balance sheets through evaluation of catastrophic scenarios and the types of approaches that could be adopted to deal with these events. As a result of these tests, firms are able to fine tune their liquidity management solutions for minimum cost and maximum security. Automation and Enterprise Software Solutions Given the complexity of the current liquidity management landscape, an increasing number of companies are abandoning manual processing and relying instead on automated business intelligence, SaaS (software as a service), and enterprise-level data systems to achieve maximum efficiency in liquidity management. These systems allow firms to test out a wide range of scenarios and compare all permutations before acting.

• Common Credit Derivatives August, 2011 By James Glover In financial jargon, a credit derivative is “a bilateral agreement that shifts risk from one party to another.” But it is easier to think of it simply as financial insurance. Investment firms and financial institutions can purchase these derivatives to hedge their bets against changes in major indexes, prices, rates, and financial instruments. The rise of credit derivatives has been astronomical over the past decade, with their value in the United States rising from just $632 billion in 2001 to more than $45 trillion as of 2007. While many derivatives are exceedingly complex, they can be broken down into a few basic categories. Credit Default Swaps (CDS): As the name suggests, a CDS transfers the default risk of a certain financial product from one party to another. The protected party pays a set fee each month in return for a certain level of predetermined financial protection. In the event of a default or another specified credit event, the issuer of the CDS must compensate the protected party. Because neither party actually needs to be in possession of the underlying asset, also called the reference entity, the system allows for virtually limitless investment in these products by an infinite number of parties. Credit Spread Options: Acting in a similar fashion, these options allow investors to gain protection against changes in certain benchmark figures. One of the most common rates investors use is LIBOR, or the London Interbank Offered Rate, which is a reliable indicator of the liquidity in international markets. About the Author: Working in the financial services industry for 30 years, James Glover garnered experience with an array of financial products. Glover holds a Master of Business Administration from New York University and a Bachelor of Arts in Management and Accounting from Franklin and Marshall College.

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