Ironing out the wrinkles in the post-LIBOR landscape
Talk Chatham today to discuss the impact of the LIBOR transition on your financial institution.
Our featured insights
LIBOR market update for financial institutions
The transition from LIBOR is quickly approaching, and the market is evolving daily. Many financial institutions are looking for guidance to better prepare their organizations. We put together answers to many commonly asked questions that involve LIBOR-based derivatives.
Impact of the IBA consultation and FCA announcement for financial institutions
On March 5, 2021, the ICE Benchmark Administration Limited (IBA), the administrator of the London Interbank Offered Rate (LIBOR), released the results of its consultation on the cessation timeline for certain LIBOR tenors. In coordination with the IBA, the United Kingdom’s Financial Conduct...
What can banks do to prepare for the transition away from LIBOR?
In this Elvis-inspired session for the New Jersey Bankers Association, Bob Newman and Todd Cuppia discuss the scheduled phaseout of LIBOR at the end of 2021, identify the roles and impact of key players apart of this transition, and discuss what banks need to start doing to prepare.
LIBOR transition enters crunch time in 2021
Bob Newman discusses the transition away from LIBOR with S&P Global Market Intelligence.
Transitioning away from LIBOR - are you ready?
Our friends from The Kafafian Group sat down with Matt Tevis and Kim Johnston from Chatham to discuss the transition away from LIBOR, various alternatives including SOFR, and how community banks can best prepare.
First BSBY swap executed
As non-SOFR-based alternatives to LIBOR continue to jockey for position, Bank of America and JPMorgan announced on Monday that they executed the first swap tied to the Bloomberg Short Term Bank Yield Index (BSBY) on the previous Friday. The BSBY-linked swap was a $250 million one-year basis swap with the other leg tied to SOFR.
President Biden unveils American Families Plan proposal
In an eventful week for market participants, the major U.S. equity indices ended the week mixed while mid- and long-term treasury yields resumed their climb higher as investors digested President Biden’s American Families Plan proposal, the FOMC policy meeting, and a deluge of corporate earnings releases.
Capital gains tax proposal briefly shakes equities; J&J vaccine hold lifted
During a week of sparse economic data releases and a Fed speak blackout, the major U.S. equity indices, along with mid- and long-term treasury yields, moved lower over the week as market participants reacted to a deluge of corporate earnings releases, an improving COVID-19 outlook in the U.S, and a proposed increase to the capital gains tax rate.
Considering costs when evaluating interest rate swap strategies
Ben Lewis discusses the impact embedded costs associated with indirect swaps can have on a financial institution.
Strong data propels U.S. equities higher
Mid- and long-term treasury yields fell further last week with the 10-year Treasury yield falling as low as 1.53% intraday Thursday while the major U.S. equities continued their climb higher, extending gains for the third consecutive week amid improving macroeconomic fundamentals, dovish comments from several Federal Reserve officials, and a brightening COVID-19 outlook in the U.S.
Going up? Elevating loan yields with swaps
Rather than simply accepting their fate and holding onto low-yielding floating-rate assets, financial institutions can use swaps to improve their net interest margin.
Matthew Tevis, 30-year banking veteran, named to lead Chatham’s Financial Institutions business
At the beginning of April, Chatham Financial named Matthew Tevis the Managing Partner and Global Head of Financial Institutions.
Market Update: Strategies for Volatile Markets
In this installment of Chatham Financial’s Market Update webinar series, our experts will examine the factors driving the markets and discuss the balance sheet risk management strategies that are being implemented by our clients. We will share perspective on the interest rate risk management...