The World After Brexit
Over the last few days, we’ve already spoken with numerous clients about the potential financial and regulatory impacts of the UK’s vote to leave the European Union. As the referendum’s outcome reverberates through the markets, here are a few key notes:
1) What happened in financial markets? The British
Hedging Lessons from Brexit
On Thursday, British citizens will vote in a referendum posing this question – “Should the United Kingdom remain a member of the European Union or leave the European Union?” The result will have sweeping implications for trade policy, the flow of immigrants, and even the continued viability of the
A Hedge! A Hedge! My Kingdom for a Hedge!
Four centuries ago, the most influential English-language playwright in history was laid to rest in Stratford-upon-Avon. Yet since April 25th, 1616, William Shakespeare has captivated four centuries of audiences and readers with his masterful dramatic arcs, playful neologism, and comprehensive depiction of life’s full
Training: Join Chatham for an afternoon of Financial Risk and Hedge Accounting Training, and attain CPE/CTP
March 8, 2016
San Francisco, CA, USA: Join Chatham Financial for a day of interactive learning focused on understanding current economic risks, how to manage those risks with derivatives, and how to apply hedge accounting to
What Should I Be Hedging – Tangible Book Value or Economic Value of Equity?
And Should I be moving Available for Sale securities to Held to Maturity? Long term interest rate risk of a Financial Institution (“FI”) is better measured by Economic Value of Equity (“EVE”) sensitivity analysis rather than TBV changes.
POLAR: Path of Least Accounting Resistance
Selection of the desired interest rate risk position and the corresponding transactions that can be used to broadly support a desired change in a financial institution’s interest rate risk position is critical, but unfortunately, only half the story. The next steps in the larger balance sheet
Laying the Groundwork
January 13, 2015, Financial Managers Society: Update
By Bob Newman
“As a rate hike looms, derivatives may draw renewed interest, Chatham’s Bob Newman discusses that ‘Now that we’re seemingly closer to the Fed getting ready to raise short-term interest rates, having derivatives in the toolkit can help an institution be better prepared
IFRS 13: Incorporating Non-Performance Risk in Interest Rate and Foreign Exchange Derivative Valuations in Accordance with IFRS 13
The objective of this white paper is to discuss the process, methods, and assumptions used to incorporate non-performance risk in valuations of interest rate and foreign exchange derivatives in accordance with the provisions
A Framework for Balance Sheet Risk Management
Interest rate risk management is top of mind for senior managers at many financial institutions right now. With so much uncertainty around the timing and magnitude of any changes to the federal funds target rate, it’s understandable that everyone from board members to investors to