LIBOR transition enters crunch time in 2021

Matthew Tevis discusses the LIBOR transition with ABA Banking Journal and highlights what financial institutions are doing to prepare for this market shift.

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.

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...

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.

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.

After December 31, 2021 the Financial Conduct Authority (FCA) will no longer compel banks to submit rates for the calculation of LIBOR, which may lead to a permanent cessation of this benchmark.

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.

At the beginning of April, Chatham Financial named Matthew Tevis the Managing Partner and Global Head of Financial Institutions.

The major U.S. equity indices continued to march higher last week while yields pulled back amid strong economic data releases, dovish comments from the FOMC, fiscal stimulus bill developments, and an improving COVID-19 situation in the U.S.

In a holiday-shortened week, the major U.S. equity indices moved higher with the S&P 500 crossing the psychologically significant 4,000 level as the recovery narrative gained steam on the back of expected fiscal stimulus, new vaccination milestones, and strong economic data releases.

The major U.S. equity indices ended an eventful week mixed amid the imminent passage of a $1.9 trillion stimulus bill, strong U.S. economic data, rising treasury yields, and an improving COVID-19 outlook.

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...

Excess liquidity is a challenge currently facing many financial institutions. Some are deploying this liquidity by extending duration via the bond and loan portfolio. In the process, they are introducing additional rate risk, but accepting this risk isn’t necessary.

In this brief video, Ben Lewis discusses the importance of considering credit when evaluating traditional and indirect interest rate swaps.