Derivsource: Smoothing the Road to Reconciliation

Smoothing the Road to Reconciliation

August 25, 2015, DerivSource By Christina Norland
Christina Norland – Director of Global Regulatory Solutions at Chatham Financial discusses the thornier issues of portfolio reconciliation and how both parties can share the burden.
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Depreciating, Depegging, and De-Hedging

Volatility - Chatham Financial
What a few weeks we’ve just lived through in the financial markets, with no shortage of turbulence, turmoil, and downright tribulation across the world. The S&P 500 tumbled more than one hundred points last week, a dubious distinction it had not achieved since the grim days of October 2008 – as of this writing, it’s fallen more than fifty points in a single morning. China’s yuan (partially) and Kazakhstan’s tenge (entirely) shifted to a freely floating currency from central management, causing the former to fall materially and the latter to plummet precipitously. A barrel of crude oil cost 32% less than it did at the outset of July. Against this backdrop of coordinated...
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USD Swaps: Rotation out of risky assets

Total Derivatives
USD Swaps: Rotation out of risky assets
By Ying Luthra
August 21, 2015

"Looking at the world post Volcker rule implementation, Luke Zubrod, Director of Risk and Regulatory Advisory at Chatham Financial, senses “the changes over the Volcker Rule have been happening over a period of time.” One big implication and change in the market this year has been liquidity and Zubrod admits 'liquidity picture of derivatives market is not pretty,” adding that “liquidity has diminished over the last year and has worsened over the summer.'”
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PrecisionLender Podcast: Interest Rate Swaps

Interest Rate Swaps
Interview with Chatham's Bob Newman
July 20, 2015

..."To help us tackle that, I’ve brought in the big guns. I’m joined today by Bob Newman with Chatham Financial. Bob is the Managing Director for Chatham’s financial institutions business, and one of THE go-to experts for banks looking to hedge interest rate risk.”
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Kludgy Swap Market Still Safer than Pre-Crisis

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iTreasurer: Kludgy Swap Market Still Safer than Pre-Crisis
By John Hintze, iTreasurer
May 15, 2015

"The consensus among Advisory Committee participants was that several factors have led to fewer FCMs, with new regulations playing a significant role. Luke Zubrod, director of risk and regulatory advisory at Chatham Financial, noted during the session that new regulations stemming from the Dodd-Frank Act as well as the Basel Committee have escalated costs for intermediaries and their clients, resulting in a less dynamic market.”
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Nomura reviews viability of swaps clearing business in US & Europe

Nomura reviews viability of swaps clearing business in US & Europe
By Joe Rennison
April 24, 2015

..."The upstart players tended to be more aggressive in their pricing schemes, says Luke Zubrod, director of the risk and regulatory advisory practice at consultancy Chatham Financial.” Read More

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SEFs Losing Favor?

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iTreasurer: SEFs Losing Favor?
By John Hintze, iTreasurer
March 26, 2015

“Luke Zubrod, director of risk and regulatory advisory at Chatham Financial, said that among the several aims of the new swap regulations was the intent to create incentives to clear swaps in order to reduce systemic risk in the derivatives market. He prefaced his comments about the drop in cleared swap volume by noting he would expect regulators to be more concerned if uncleared swap volume had increased more sharply. Nevertheless, he said, the decline in cleared swaps does likely raise questions for regulators."
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October 22: Introduction to Interest Rate Hedging for Financial Institutions

Introduction to Interest Rate Hedging for Financial Institutions

October 22, 2014 | Recording Available
 
Interest rate derivatives can be highly effective solutions for financial institutions seeking to manage interest rate risk from a balance sheet perspective, on a loan-by-loan basis, or both. The first part of this webinar will cover the many benefits interest rate derivatives offer financial institutions and how best to incorporate derivatives and hedge accounting into an ALM strategy. Next, we will discuss the two most popular methods for hedging interest rate risk at the loan level: borrower back-to-back swaps and the hedging...
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Treasury & Risk: Nitty-Gritty on the Margin Rules

Nitty-Gritty on the Margin Rules
By Meg Waters
September 25, 2014

“To get to the bottom of the proposed regulation and the ambiguity that continues to cause anxiety, Treasury & Risk sat down with Luke Zubrod, director of risk and regulatory advisory with Chatham Financial and a technical advisor to the Coalition for Derivatives End-Users. Luke regularly confers with U.S. Congressional staff and federal regulatory agencies including the Commodity Futures Trading Commission (CFTC) and Federal Reserve regarding derivatives regulatory matters."
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BreakingViews: Guest view: U.S. swaps need clearer reform

Guest view: U.S. swaps need clearer reform

July 25, 2014, BreakingViews
By Luke Zubrod
Clearer changes are needed for U.S. derivatives markets than the Dodd-Frank Act’s prescription. Four years after the regulatory reboot became law, many of the reformers’ hopes have been realized.

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