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Dallas-Fort Worth Chapter: Interest Rate Hedging Strategies for Financial Institutions
Interest rate derivatives are a powerful tool in any ALCO Committee's toolkit. For this reason, they are more and more common at regional and community financial institutions. ALCOs use these tools to smooth earnings, protect against adverse changes in interest rates, and enable growth. In this session, Ben and Eri will discuss current interest rate hedging trends at financial institutions. Starting with a few introductory concepts, they will proceed to more intermediate topics like the implications of LIBOR discontinuation and the forthcoming portfolio layer method.
1:00 - 2:30 PM CT The following topics will be highlighted during this presentation:
Ben Lewis, CFA Managing Director, Head of Sales Ben is a Managing Director and Global Head of Sales for Chatham’s Financial Institutions practice. He currently leads our business development efforts in the Western U.S., and since joining Chatham has worked with depositories of all sizes helping them manage interest rate risk through the prudent use of hedging strategies. Prior to his work with financial institutions, Ben worked with private equity firms and REITs to hedge their interest rate and foreign currency risk. Before joining Chatham, Ben served eight years in the U.S. Navy as a P-3C Orion Naval Flight Officer serving in both Operation Enduring Freedom and Operation Iraqi Freedom. Ben graduated with distinction from the United States Naval Academy with his bachelor’s degree in economics and is a CFA Charterholder. Ben has served on the Colorado regional board of HOPE International, a faith-based microfinance institution. Eri Panoti, CPA Director, Accounting Advisory Eri leads the Financial Institutions Hedge Accounting practice and advises clients on hedge accounting policy and application for both balance sheet risk management strategies as well as customer hedging needs. She brings more than a decade of experience in banking and accounting to help financial institutions determine the best accounting impact of their hedging activity. Prior to joining Chatham, Eri was manager of accounting policy on derivatives and hedging at KeyBank in Cleveland, Ohio, and held audit positions at Deloitte, also based in Cleveland. She earned her Master of Business Administration with accounting concentration as well as her bachelor’s in business administration from Baldwin Wallace University. Eri is a licensed CPA, a Chartered Global Management Accountant, and a member of the American Institute of CPAs.
Virtual
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