Interest Rate Hedging Strategies for FIs

Tuesday, February 22, 2022

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1:00 PM CT

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2:30 PM CT

Program Description

Interest rate derivatives are a powerful tool in any ALCO Committee's toolkit. For this reason, they are more and more common at regional and community financial institutions. ALCOs use these tools to smooth earnings, protect against adverse changes in interest rates, and enable growth.

In this session, Ben and Eri will discuss current interest rate hedging trends at financial institutions. Starting with a few introductory concepts, they will proceed to more intermediate topics like the implications of LIBOR discontinuation and the forthcoming portfolio layer method.

Agenda

    1:00 - 2:30 PM CT

    The following topics will be highlighted during this presentation:

    - Basics of hedging strategies
    - Basics of hedge accounting
    Implications of the discontinuation of LIBOR
    - Upcoming changes to hedge accounting and the impact upon strategies

Presenter(s)

Ben Lewis, CFA

Managing Director, Head of Sales

Ben is a Managing Director and Global Head of Sales for Chatham’s Financial Institutions practice. He currently leads our business development efforts in the Western U.S., and since joining Chatham has worked with depositories of all sizes helping them manage interest rate risk through the prudent use of hedging strategies. Prior to his work with financial institutions, Ben worked with private equity firms and REITs to hedge their interest rate and foreign currency risk.

Before joining Chatham, Ben served eight years in the U.S. Navy as a P-3C Orion Naval Flight Officer serving in both Operation Enduring Freedom and Operation Iraqi Freedom.

Ben graduated with distinction from the United States Naval Academy with his bachelor’s degree in economics and is a CFA Charterholder. Ben has served on the Colorado regional board of HOPE International, a faith-based microfinance institution.

Eri Panoti, CPA

Director, Accounting Advisory

Eri leads the Financial Institutions Hedge Accounting practice and advises clients on hedge accounting policy and application for both balance sheet risk management strategies as well as customer hedging needs. She brings more than a decade of experience in banking and accounting to help financial institutions determine the best accounting impact of their hedging activity.

Prior to joining Chatham, Eri was manager of accounting policy on derivatives and hedging at KeyBank in Cleveland, Ohio, and held audit positions at Deloitte, also based in Cleveland. She earned her Master of Business Administration with accounting concentration as well as her bachelor’s in business administration from Baldwin Wallace University. Eri is a licensed CPA, a Chartered Global Management Accountant, and a member of the American Institute of CPAs.

 

Registration to the live session includes:

  • One online connection

  • CPE credit for registrant

  • Permission to reproduce the handouts and other written material for additional attendees at your location

Only registered attendees of the live session can obtain CPE credit

Credit Hours

Earn up to 1 hour of CPE

  • Level:

Intermediate

None

  • Prerequisites:

  • Advance Preparation:

  • Field of Study:

  • Instructional Method:

  • Length:

60 Minutes

Accounting - Technical

None

Group Internet Based

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For more information regarding administrative policies such as concerns or refunds, call 312-578-1300. FMS is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses. Complaints regarding sponsors may be addressed to: The National Registry of CPE Sponsors, 150 Fourth Avenue, North, Suite 700, Nashville, TN 37219-2417 Web: www.nasba.org.

Cost

  • Member Price:

  • Non-Member Price:

Complimentary

Complimentary