Why it’s not too late for interest rate swaps
- Fiscal & Monetary Policy
Bob Newman writes for Bank Director and discusses why community and regional banks should consider using derivatives as a tool to manage interest rate risk.
About Bob
Bob Newman is a Managing Director on Chatham’s Financial Institutions team, advising community and regional banks in the Mid-Atlantic region. With nearly 40 years of experience in banking, he is a frequent speaker at industry events and serves on the faculty of the ABA Stonier Graduate School of Banking.
Bob previously led the Financial Institutions business, and prior to joining Chatham, spent most of his 20 years in commercial banking bringing “swaps to Main Street" and helping start the derivatives operation at Maryland National Bank and expand the derivatives effort at SunTrust Bank.
Bob is a CFA Charterholder and graduate from the College of William and Mary with his bachelor’s degree in economics.
Publications
Installing an interest rate swap program at a community bank
Bob Newman interviews Kish Bank CFO Mark Cvrkel who shares how embracing and installing derivative capabilities at a $1 billion bank was simpler than expected. The conversation uncovers three benefits that favor the use of traditional swaps over indirect programs.
Analyzing the economics of an indirect swap hedging program
The CEO of a community bank who actively offers indirect swaps to borrowers contacted Chatham and was looking to analyze pricing. They wanted better visibility into the economics of a $6.8M transaction the bank had recently executed.
Expertise
- Financial Institutions
- Interest Rate Risk Management
- Balance Sheet Risk Management
- Borrower Swap Solution
- Fixed Rate Loan Hedging
- Hedge Accounting
Qualifications
- Chartered Financial Analyst (CFA)
Related Team Members
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Matthew Tevis
Managing Partner, Board Member
Global Head of Financial InstitutionsKennett Square, PA
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