NCUA’s derivatives rule could be boon for large credit unions
- January 25, 2021
Managing Partner, Board Member
Global Head of Financial Institutions
Kennett Square, PA
SummaryMatthew Tevis discusses with Credit Union Journal the benefits of a proposed rule change by the NCUA that would allow credit unions to no longer need to seek pre-approval from the regulator before entering into interest rate swaps.
To read the full article Credit Union Journal (also American Banker) requires a subscription.
Talk to a Chatham representative today to learn more about interest rate swaps.
Our featured insights
Hawkish FOMC meeting sends yields higher
In yet another eventful week, the major U.S. equity indices ended flat to modestly higher while Treasury yields saw significant increases on the back of strong economic data and a hawkish FOMC meeting.
Debt ceiling talks take center stage in Washington
The major U.S. equity indices moved lower for the second consecutive week and long-term Treasury yields increased modestly as market participants digested the latest inflation readings, political wrangling on Capitol Hill, and the continued spread of the COVID-19 delta variant.
Supply chain disruptions send prices higher
In a holiday-shortened week, the major U.S. equity indices moved lower while long-term Treasury yields ticked modestly higher as signs of firming inflationary pressures, hawkish comments from Federal Reserve officials, and the latest legislative developments in Washington dominated headlines and investors’ attention.
August employment report misses expectations
In the lead-up to the holiday weekend, the major U.S. equity indices ended the week mixed with the S&P 500 and Nasdaq Composite Index setting new intraday highs as market participants dissected the latest economic data, most notably the August nonfarm payroll report, and comments from Federal Reserve officials.
Enhance yield with swaps
Excess liquidity in the financial system creates challenges for financial institutions. Balance sheets demonstrate greater sensitivity to short-term rates and NIM compresses.
ARRC issues updated guidance on the scope of Term SOFR
The Alternative Reference Rates Committee issued updated guidance regarding the scope of use for Term Secured Overnight Financing Rate (SOFR) derivatives.
In S&P's Capital IQ, Todd Cuppia explains how the increase in deposits on bank balance sheets creates an incentive
Todd Cuppia spoke to S&P's Capital IQ about how banks can prepare for the opportunities created by the surge in deposits sitting on their balance sheets.
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...