Asset Liability Management 2019 - Miami, FL | Florida Bankers Association | 24 January 2019 | Embassy Suites by Hilton Miami International Airport, 3974 NW S River Dr, Miami, FL 33142, USA
Venue
Embassy Suites by Hilton Miami International Airport
Embassy Suites by Hilton Miami International Airport, 3974 NW S River Dr, Miami, FL 33142, USA
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| Event Date | Thu Jan 24 EST - Fri Jan 25 EST (almost 6 years ago) |
| Location |
Embassy Suites by Hilton Miami International Airport
3974 NW S River Dr, Miami, FL 33142, USA |
| Region | Americas |
Details
When we started down the path of active engagement with interest rates by the Federal Reserve, none of us had any idea how long this would last or what consequences would result from the FOMC Overnight and Quantitative Easing programs. What we did know was that interest rates would be impacted in a way that had never occurred before in this country. Although we all enjoyed the funds cost dynamic of the programs, we struggled with the asset yields that truly made it difficult to attain Net Interest Margin performance of the past.
On the positive side, we seem to have much more certainty these days about where the overnight target and prime rate will be headed and this does make planning easier; however, gap that has opened up between retail deposit and wholesale funding rates promises to create major problems for any bank having to depend on non-core funding in the future.
Another dynamic of the past ten years involves the shift in our balance sheets toward much longer asset maturities (or price resets) and our deposit base. With time deposits now representing just 13% of total deposits industry-wide – down from 31% at the end of 2006 – and loan portfolios filled with “commercial mini-perms”, interest rate risk in a rising rate environment also promises to be a challenge and for the first time in ten years, we face some significant funding and IRR risks. It seems a great moment for some serious discussions about the ALCO Process and this seminar has been designed to do just that.
Who should attend?
• Directors
• CEOs
• CFOs
• CROs
• Risk Managers
• Model Validators
• Senior Management
Speakers
2019 Speakers
Todd Patrick
SVP-Bank Correspondent Division, Centerstate Bank
Pete Scully
President, Banclist.com
Tim McPeak
Advisory Services Group, Sageworks
Shawn O’Brien
President, QwickRate
Paul Allen
Shareholder, Saltmarsh Cleaveland & Gund