Hedge Account Changes Webinar Chatham Financial

 

Hedge Accounting Changes: What, Where, When and How

March 15, 2018 | 2PM EDT / 11AM PDT | 1 hour | Online | by Chatham Financial

Please join us for an in depth review of the new hedge accounting standard (ASU No. 2017-12) and better understand the effects it could have on your hedging program. During our session we will walk through what has changed, where you will see the impacts, when you can adopt, and how that process can be best accomplished.

 

 
 
 
 
 
 

In this webinar, we will cover the following learning objectives:
– Understand changes to the hedge accounting standard
– Uncover potential new opportunities and strategies available as a result of the changes
– Familiarize yourself with the steps necessary for adoption

 

Speakers:
Aaron Jacob Chatham FinancialAaron Jacob, CPA is a manager on the Accounting Advisory team providing solutions for FX, interest rate, and commodity risk management to corporate clients. Prior to joining Chatham, Aaron worked at the Financial Accounting Standards Board where he focused on a variety of issues including derivatives, foreign currency, and business combinations. Aaron has also worked as a consultant with Connor Group, providing IPO and technical accounting services. Aaron graduated summa cum laude from Brigham Young University with a BS and MS in Accounting and is a CPA in the state of Colorado. Aaron is also currently enrolled as an MBA student at The Wharton School at the University of Pennsylvania.

 

Brian Jones Chatham FinancialBrian Jones is a member of the Accounting Advisory team working with corporate clients. Prior to joining Chatham, Brian worked in PwC’s Assurance practice where he focused on Private Equity and Hedge Fund clients across a range of asset classes. Brian received his Bachelors and Masters of Accountancy from Baylor University.

 

 

 

 

Market Update: Banking in Uncertain Times – March 13, 2018

March 13, 2018 | 2PM EDT / 11AM PDT | 1 hour | Online | by Chatham Financial

In today’s competitive lending environment, banks need to find ways to differentiate themselves from their peers to attract and serve the needs of their customers. As the interest rate environment begins to shift away from an extended period of low rates and as customers look for the best terms, understanding how changing economic factors affect lending strategies is key to success. This webinar provides bankers, relationship managers, and lenders critical insights they need to better serve their customers and succeed in today’s marketplace.

 

 
 
 
 
 
 

In this webinar, we will explore these important issues:
– Timely discussion about the current interest rate environment
– Using swap-based strategies to win business from your competitors
– Q&A with industry experts on interest rate hedging strategies

 

Speakers:
Jim BeattieJim Beattie, CFA is a member of Chatham’s financial institutions advisory practice and works to assist bankers in their origination efforts through the prudent use of interest rate derivatives. Prior to Chatham, he worked at CIT Capital Markets as a derivatives marketer and salesperson and was most recently a member of Ernst & Young’s Risk Management Consulting practice, advising multi-national banks on market-based risk factors. Jim graduated from Lehigh University with degrees in Finance and in Information Systems Engineering and is a CFA Charterholder.

 

Michael SharpMichael Sharp is a client advisor on Chatham’s financial institutions team. Prior to joining Chatham, Michael worked for thirty years in the capital markets and banking industry, most recently as the Managing Director of First Niagara Bank’s Derivative Products and Foreign Exchange team. Prior experience includes work with Deutsche Bank, Regions Bank, Bank of America and Morgan Guaranty Trust. He began his career on the trading floors of the C.B.O.E and the Chicago Board of Trade. He received his BS in Industrial Management from Purdue University’s Krannert School of Management.

 

 

 

 

Quarterly Market Update: Current Themes in Balance Sheet Risk Management

February 13, 2018 | 2PM EDT / 11AM PDT | 30 minutes | Online | by Chatham Financial

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In this installment of Chatham Financial’s Quarterly Market Update webinar series, we examine the factors driving the markets and discuss the risk management strategies being considered across our clientele. We also discuss how financial institutions are beginning to take advantage of newly available hedging strategies in the loan and securities portfolios. Todd and Dave share their perspective on the interest rate risk management concerns of bank management teams.

 

Speakers:
Todd Cuppia Chatham FinancialTodd Cuppia joined Chatham in 2015 as Director of Balance Sheet Strategies for financial institutions. Prior to joining Chatham, Todd spent eleven years with Stifel Financial as a Managing Director in the Fixed Income Research and Strategy Group as the head of Government Sponsored Enterprise Debt strategy and Co-Head of Fixed Income Product Strategy. In this role, Todd advised financial institutions, state and local government entities, and pension funds on cross sector relative value, macro-based portfolio strategies, and derivative hedging strategies. Todd has been a frequent speaker at national investor conferences and has had numerous investment strategies featured in industry journals and financial newsletters.

 

Dave Sweeney Chatham FinancialDave Sweeney leads Chatham Investment Advisors, a registered investment advisor, offering our “Virtual Treasurer” service. Dave is also active with Treasury Advisory and business development. Prior to joining Chatham, Dave spent 14 years with Ernst & Young in Pittsburgh, Cleveland, New York, and Geneva, Switzerland serving financial services clients across the US and abroad. He then began his banking career in Naples, Florida in 2004 as Treasurer and Chief Investment Officer at a $5 billion bank, Dave also sold customer derivatives for Fifth Third Bank and finally served as Treasurer and Chief Investment Officer of a $3 billion bank headquartered in Naples, FL. He graduated from the Pennsylvania State University with a BS in Accounting with Honor and with Distinction. Dave is a CPA and holds the Chartered Financial Analyst (CFA) designation.

 

 

 

 

Market Update: Current Themes in Balance Sheet Risk Management

December 12, 2017 | 2PM EDT / 11AM PDT | 1/2 hour | Online | by Chatham Financial | Recording Available

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In this installment of Chatham Financial’s Quarterly Market Update webinar series, we will examine the factors driving the markets and discuss the risk management strategies being considered across our client franchise. We will discuss practical considerations for balance sheet risk management in a flat yield curve environment, and provide a high level update on the uncertain future of LIBOR.

 

In this webinar, Chatham will cover the following learning objectives:
– A practical understanding of global economic and political drivers currently impacting the capital markets
– Insight into the strategies that financial institutions are currently utilizing to manage risks to the shape of the yield curve
– Discuss the re-emergence of financial institution interest in utilizing option based strategies (caps, floors and collars)
– A high level update of the issues at play with the uncertain future of LIBOR

 

Speakers:
Todd CuppiaTodd Cuppia leads Chatham’s Balance Sheet Strategies practice, assisting financial institutions with managing complex economic risks. Prior to joining Chatham, Todd spent eleven years with Stifel Financial as a Managing Director in the Fixed Income Research and Strategy Group as the head of Government Sponsored Enterprise Debt Strategy and Co-Head of Fixed Income Product Strategy. In this role, Todd advised financial institutions, state and local government entities, and pension funds on cross sector relative value, macro-based portfolio strategies, and derivative hedging strategies. Todd has been a frequent speaker at national investor conferences and has had numerous investment strategies featured in industry journals and financial newsletters.

 

Dave SweeneyDave Sweeney leads Chatham Investment Advisors, a registered investment advisor, offering our “Virtual Treasurer” service. Dave is also active with Treasury Advisory and business development. Prior to joining Chatham, Dave spent 14 years with Ernst & Young in Pittsburgh, Cleveland, New York and Geneva, Switzerland serving financial services clients across the US and abroad. He then began his banking career in Naples, Florida in 2004 as Treasurer and Chief Investment Officer at a $5 billion bank, Dave also sold customer derivatives for Fifth Third Bank and finally served as Treasurer and Chief Investment Officer of a $3 billion bank headquartered in Naples, FL. He graduated from the Pennsylvania State University with a BS in Accounting with Honor and with Distinction. Dave is a CPA and holds the Chartered Financial Analyst (CFA) designation.

 

 
 
 
 
 

 

Banking in Uncertain Times: An Economic Update and Swap Sales Strategy Session

November 14, 2017 | 2PM EDT / 11AM PDT | 1/2 hour | Online | by Chatham Financial | Recording available

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In today’s competitive lending environment, banks need to find ways to differentiate themselves from their peers to attract and serve the needs of their customers. As the interest rate environment begins to shift away from an extended period of low rates and as customers look for the best terms, understanding how changing economic factors affect lending strategies is key to success. This webinar provides bankers, relationship managers and lenders critical insights they need to better serve their customers and succeed in today’s marketplace.

 

In this fourth installment in our webinar series, we will further explore these important issues:
– Timely discussion about the current interest rate environment
– Using swap-based strategies to win business from your competitors
– Q&A with industry experts on interest rate hedging strategies

** Note: Although this webinar will build on some of the topics discussed in the first three webinars in our series, each installment will explore unique aspects for success in today’s lending environment and does not require knowledge of prior installments to be beneficial.
 

Speakers:
Jim BeattieJim Beattie, CFA is a member of Chatham’s Financial Institutions team, working to assist bankers in their origination efforts through the prudent use of interest rate derivatives. Prior to Chatham, he worked at CIT Capital Markets as a derivatives marketer and salesperson and was most recently a member of Ernst & Young’s Risk Management Consulting practice, advising multi-national banks on market-based risk factors. Jim graduated from Lehigh University with degrees in Finance and in Information Systems Engineering and is a CFA Charterholder.

 

Michael SharpMichael Sharp is a client advisor on Chatham’s Financial Institutions team. Prior to joining Chatham, Michael worked for thirty years in the capital markets and banking industry, most recently as the Managing Director of First Niagara Bank’s Derivative Products and Foreign Exchange team. Prior experience includes work with Deutsche Bank, Regions Bank, Bank of America and Morgan Guaranty Trust. He began his career on the trading floors of the C.B.O.E and the Chicago Board of Trade. He received his BS in Industrial Management from Purdue University’s Krannert School of Management.

 

 
 
 
 
 

 

Market Update: A New Era For Balance Sheet Risk Management

September 26, 2017 | 2PM EDT / 11AM PDT | 1/2 hour | Online | by Chatham Financial

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In this installment of Chatham Financial’s Quarterly Market Update webinar series, we will examine the factors driving the markets, the changing hedge accounting landscape, and the potential impact that these variables may have on the way financial institutions manage economic risks. We will discuss practical considerations for balance sheet risk management given the uncertainty around the future of LIBOR and discuss several new hedging strategies that will be available for financial institutions under the updated accounting standard.

 

In this webinar, Chatham will cover the following learning objectives:
– A practical understanding of global economic and political drivers currently impacting the capital markets
– Insight into the new strategies that financial institutions will be able to utilize to manage economic risks
– A high level understanding of the issues at play with the uncertain future of LIBOR

 

Speakers:
Todd CuppiaTodd Cuppia joined Chatham in 2015 as Director of Balance Sheet Strategies for financial institutions. Prior to joining Chatham, Todd spent eleven years with Stifel Financial as a Managing Director in the Fixed Income Research and Strategy Group as the head of Government Sponsored Enterprise Debt strategy and Co-Head of Fixed Income Product Strategy. In this role, Todd advised financial institutions, state and local government entities, and pension funds on cross sector relative value, macro-based portfolio strategies, and derivative hedging strategies. Todd has been a frequent speaker at national investor conferences and has had numerous investment strategies featured in industry journals and financial newsletters.

 

Dave SweeneyDave Sweeney leads Chatham Investment Advisors, a registered investment advisor, offering our “Virtual Treasurer” service. Dave is also active with Treasury Advisory and business development. Prior to joining Chatham, Dave spent 14 years with Ernst & Young in Pittsburgh, Cleveland, New York and Geneva, Switzerland serving financial services clients across the US and abroad. He then began his banking career in Naples, Florida in 2004 as Treasurer and Chief Investment Officer at a $5 billion bank, Dave also sold customer derivatives for Fifth Third Bank and finally served as Treasurer and Chief Investment Officer of a $3 billion bank headquartered in Naples, FL. He graduated from the Pennsylvania State University with a BS in Accounting with Honor and with Distinction. Dave is a CPA and holds the Chartered Financial Analyst (CFA) designation.

 

 
 
 
 
 

 

Expert Panel Discussion – Implementing FASB’s Changes to Hedge Accounting

August 24, 2017 | 2-3:30PM ET | 1.5 hour | Online | by Chatham Financial | Recording Available

 
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Join us for a live video webcast where experts from the FASB, EY’s national office, GE, Comerica, and Chatham Financial will discuss the upcoming changes to hedge accounting and the resulting impacts and opportunities they will create for companies’ hedging programs. The updates to hedge accounting are expected in the next month or two and will be available for immediate adoption. Listen to this panel of experts to ensure you are prepared for these important changes. This is an event you won’t want to miss!

 

During this event, we will cover the following learning objectives:
– Understand the key changes to the hedge accounting guidance
– Recognize the new opportunities and strategies that will be available
– Understand the timing of changes and important considerations for transition

 

Speakers:
Jeff GabelloJeff Gabello, FASB – Jeff is a Supervising Project Manager with the Financial Accounting Standards Board (FASB). He joined the FASB in May 2014 and is the lead on the hedge accounting project. Prior to joining the FASB, Jeff worked for five years as an Accounting Policy Manager at IBM in Somers, New York, focusing on assessing the impact of FASB and IASB standard setting activities on the company. Prior to that, Jeff worked for eight years as the Assistant Director of External Reporting at UBS AG in Zurich, Switzerland, focusing on IFRS, GAAP and SEC reporting. Jeff holds a Bachelor’s Degree in Accounting from the University of Scranton and an MBA from Cornell University.

 

Kevin KispertKevin Kispert, EY – Kevin has almost 25 years of experience with Ernst & Young serving in Professional Practice, Transaction Advisory and the Financial Services Office. Kevin currently serves as a partner in EY’s Americas Professional Practice department in New York where he is responsible for consultations on a variety of accounting issues, including derivatives & hedging, fair value measurements and financial instruments. Prior to joining Americas Professional Practice, Kevin was a partner in the Transaction Advisory Services Group. Kevin also worked in EY’s Financial Services Office in New York. Kevin graduated from the Columbia University Graduate School of Business with a Masters in Business Administration, concentration in Finance. He is a certified public accountant licensed in the state of New York and has a Bachelor of Science degree in Accountancy from the University at Albany.

 

Russel BothaRussel Botha, GE – Russel is a global technical controller in the GE technical center of excellence, focused on advising both GE capital and industrial businesses on all derivative, foreign currency and borrowings related matters, together with SEC reporting. Russel joined GE in 2010 as part of the Treasury business. Prior to GE Russel was a managing director in investment banking for over 10 years, focusing on fixed income, currency and commodity derivative sales and structuring for both corporate, financial institution and sovereign clients at Goldman Sachs and Lehman Brothers. Russel is a qualified chartered accountant and has a masters degree in Applied Statistics from University College London, a masters degree in finance from the University of Cape Town.

 

Muneera CarrMuneera Carr, Comerica Bank – Muneera is the Chief Accounting Officer and Controller. Prior to joining Comerica, Muneera was a Professional Accounting Fellow in the Office of the Chief Accountant at the U.S. Securities and Exchange Commission from 2007 through 2009. Muneera has performed the accounting policy function at major banks such as SunTrust and Bank of America. She also spent nine years with PricewaterhouseCoopers LLP. Muneera graduated summa cum laude with a Bachelors of Business Administration degree in Accounting from University of Texas in Arlington in 1996. She is a Certified Public Accountant in Texas and is a member of the Financial Reporting Executive Committee, a senior technical committee of the American Institute of Certified Public Accountants. Muneera is also a member of the Accounting Committee of the American Bankers Association. She is a former member of the Valuation Resource Group.

 

Aaron Cowan headshotAaron Cowan, Chatham Financial – Aaron leads the Corporates Accounting Advisory team providing solutions for FX, interest rate, and commodity risk, including hedge accounting. Prior to joining Chatham, Aaron worked at JPMorgan Chase in Chicago as a Vice President in the Corporate Accounting Policies group. Aaron also worked as a Manager in PricewaterhouseCoopers’ Transactions Services practice in New York and Chicago providing technical accounting and valuation assistance to audit and non-audit clients on complex areas of US GAAP, including derivatives and hedging, consolidations, and business combinations. He also spent one year at the Financial Accounting Standards Board in Connecticut as a technical assistant. Aaron graduated cum laude from the University of Utah with a BS in Accounting. He also earned an MBA in Finance from Indiana University. Aaron is a CPA in the state of New York and a CFA charter holder.

 

Dan GentzelDan Gentzel, Chatham Financial – Dan is a Managing Director and leads Chatham’s Accounting Advisory team, which advises clients on valuations and accounting for derivatives and hedging activities. Dan joined Chatham in 2003 providing hedge accounting advisory to a wide range of clients across our business sectors. Prior to Chatham, Dan worked in the assurance practice at Ernst & Young, where he managed the audits of several large regional financial institutions. Dan also served as the derivatives valuation specialist for Ernst & Young’s Mid-Atlantic region. Dan is a CPA, a member of the AICPA and serves as a member of the International Accounting Standards Board’s Valuation Experts Group, which is assisting the Board with the development of educational material for IFRS 13, Fair Value Measurement. He received his BS in Business Administration, cum laude, from Bloomsburg University.

 
 
 


 

 

 

Banking in Uncertain Times: An Economic Update and Swap Sales Strategy Session

July 25, 2017 | 2PM EDT / 11AM PDT | 1 hour | Online | by Chatham Financial

Download This Webinar

 

In today’s competitive lending environment, banks need to find ways to differentiate themselves from their peers to attract and serve the needs of their customers. As the interest rate environment begins to shift away from an extended period of low rates and as customers look for the best terms, understanding how changing economic factors affect lending strategies is key to success. This webinar provides bankers, relationship managers and lenders critical insights they need to better serve their customers and succeed in today’s marketplace.

 

In this third installment in our webinar series, we will further explore these important issues:
– Timely economic update with a focus on the lending environment
– Talking points with your customers regarding the impact of rates on new and existing financings
– Q&A with industry experts on interest rate hedging strategies

** Note: Although this webinar will build on some of the topics discussed in the first two webinars in our series, each installment will explore unique aspects for success in today’s lending environment and does not require knowledge of prior installments to be beneficial.

Speakers:
Jim BeattieJim Beattie, CFA is a member of Chatham’s financial institutions advisory practice and works to assist bankers in their origination efforts through the prudent use of interest rate derivatives. Prior to Chatham, he worked at CIT Capital Markets as a derivatives marketer and salesperson and was most recently a member of Ernst & Young’s Risk Management Consulting practice, advising multi-national banks on market-based risk factors. Jim graduated from Lehigh University with degrees in Finance and in Information Systems Engineering and is a CFA Charterholder.

 

Michael SharpMichael Sharp is a client advisor on Chatham’s financial institutions team. Prior to joining Chatham, Michael worked for thirty years in the capital markets and banking industry, most recently as the Managing Director of First Niagara Bank’s Derivative Products and Foreign Exchange team. Prior experience includes work with Deutsche Bank, Regions Bank, Bank of America and Morgan Guaranty Trust. He began his career on the trading floors of the C.B.O.E and the Chicago Board of Trade. He received his BS in Industrial Management from Purdue University’s Krannert School of Management.

 

 
 
 
 
 

 

Improvements to Fair Value Hedging and Impact on Financial Institutions

June 29, 2017 | 2PM EDT / 11AM PDT | 1 hour | Online | by Chatham Financial | Recording Available

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On June 7, 2017, the FASB indicated it will approve the proposed amendments to ASC 815 – Derivatives and Hedging that will better align economic results of an entity’s risk management activities with its financial reporting and make targeted improvements to simplify hedge accounting. The majority of the improvements will make fair value hedging easier to apply and result in less volatility in the financial statements. In this webinar we will explore the key changes to fair value hedging for Financial Institutions, analyze the impacts on common hedging strategies, and discuss new hedging possibilities.

 

In this webinar, Chatham will cover the following learning objectives:
– Understand the changes to fair value hedging
– Understand the impact of these changes on common fair value hedging strategies
– Explore new fair value hedging strategies as a result of the improvements

 

Speakers:
Eri PanotiEri Panoti, CPA is a Director of Accounting Advisory serving financial institutions clients. She consults clients on accounting for both balance sheet risk management strategies as well as customer hedging needs. Prior to joining Chatham, Eri worked at KeyBank in Cleveland where she focused on accounting policy for derivatives and hedging as well as SEC reporting. Eri has also held audit positions at Deloitte also based in Cleveland, Ohio.

 

Todd CuppiaTodd Cuppia leads Chatham’s Balance Sheet Strategies practice, assisting Financial Institutions manage complex economic risks. Prior to joining Chatham, Todd spent eleven years with Stifel Financial as a Managing Director in the Fixed Income Research and Strategy Group as the head of Government Sponsored Enterprise Debt strategy and Co-Head of Fixed Income Product Strategy. In this role, Todd advised financial institutions, state and local government entities, and pension funds on cross sector relative value, macro-based portfolio strategies, and derivative hedging strategies. Todd has been a frequent speaker at national investor conferences and has had numerous investment strategies featured in industry journals and financial newsletters.

 

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The Fundamentals to Building & Growing Your Institution’s FX Business

June 8, 2017 | 2PM EDT / 11AM PDT | 1 hour | Online | by Chatham Financial
 
 
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For community and regional banks, FX is quite often merely an accommodation, a service provided but not promoted, and one offered in a way that looks to only cover costs rather than generate true net revenue. The downside to this approach is twofold: 1) the bank’s FX offering is not kept current as the bank grows, and 2) customers are underserved relative to banks that proactively educate customers on why they might want to consider sending or receiving international payments in foreign currency rather than US dollars. This webinar is suited to any bank offering foreign currency payments to its customers, whether through an outsourced proposition or an in-house program and interested in strengthening its capabilities.

 

In this webinar, Chatham will cover the following learning objectives:
– Gain insight into how FX can deepen your relationship with your customers and become a significant revenue generator for your institution
– Identify some of the key building blocks to developing a success program
– Learn techniques for identifying the needs and promoting the benefits of FX to your customers

 

Speakers:
Alan DePonceauAlan DePonceau is a senior advisor in Foreign Exchange and International Payments at Chatham Financial with nearly 35 years of experience in the FXIP market helping clients manage Foreign Exchange risk and maximize profit. Prior to joining Chatham, Alan worked in a variety of roles in Foreign Exchange, including sales, trading and FXIP product management. Alan served as founder and principal at AMD Consulting, following roles at Susquehanna Bank, Commerce Bank, Travelex, and Citibank.

 

Regan CampbellRegan Campbell is a member of Chatham’s Hedge Advisory team serving financial institutions and also leads Chatham’s new FX and international payments practice for the FI sector. Since joining Chatham in 2007, Regan has worked across several practices within Chatham serving a wide range of clients and industries. Prior to joining Chatham, Regan spent eight years in the US Army as an Engineer Officer. His last assignment was a commander of a combat engineer company in Iraq where he was awarded a Purple Heart. Regan graduated from the United State Military Academy with a BS in Aerospace Engineering and holds an MS in Engineering Management from the University of Missouri-Rolla.