|
This Seminar is CANCELLED!
Current Issues in Asset/Liability Management
April 20, 2010
UBA Offices
Cost: $275 members; $550 non-members
Register by April 6, 2010
Full fee is payable for cancellations after the deadline, however a substitute may attend. No shows will be billed the full fee.
LUNCH WILL BE ON YOUR OWN
This program is an annual event focusing on asset/liability management, and the critical issues bank ALCOs will face in 2010 with an economy in recovery, and an interest rate environment dropped dramatically in 2008, but eventually we will face rising interest rates. The events in the 3rd and 4th quarters of 2008 were unprecedented in modern financial history, but the fianncial markt have stabilized. The recession was the deepest since the 1970s and the yield curve is the lowest in the last 50 years. Your bank’s ALCO was challenged in 2008 and 2009, hopefully 2010 will be a year things settle down, but there will be challenges.
The program will begin with a projection of the fallout from the financial crisis of 2008 and the impact on community banks – new regulations, followed by a business cycle forecast with a special emphasis on housing market and the Utah economy. Short-term interest rates have decreased over 500 basis points since September 2007 and it is likely that they may begin to increase in late 2010 or early 2011. Margins have stabilized in 2009 as the cost of funds continues to fall - the thrift industry in particular has benefited from the low rate environment – what is the forecast for 2010. The challenge for bankers is managing credit risk in the current environment, but with the anticipation of a different economic and interest rate scenario in 2010 and 2011.
There will be a discussion on both the short-term and the long-term challenges facing your bank’s ALCO. The program will examine both asset and liability decisions for 2010. I will examine the modeling of your balance sheet as the interest rate cycle continues to evolve with a focus on both market risk and liquidity risk. The program will conclude with a discussion of growth strategies for 2010, particularly asset allocation, and leverage strategies for this point in the rate cycle.
Who should attend:
CEO, CFO, controllers, and any manager with responsibility for the ALCO function, this would include lenders, retail personnel or internal auditors. This program would also be valuable to board members who sit on the ALCO or would like to become more familiar with the process.
Seminar Agenda
Morning Session - Current Environment
· The Financial Crisis of 2008 and Impact on Regulations
· Business Cycle Conditions
· Yield Curve Forecasts
· Impact of Fed Rate changes over the last eighteen months
· Refining the ALCO Process at our Banks
· Bank Risk Profile in 2010
· Bank performance – Impact of credit cycle
· Issues in Interest Rate Risk – Policy and Procedure
Managing Assets in the Current Environment
· Loan portfolio management
· Investment Options in the Current Environment
Afternoon Session - Managing Liabilities in the Current Environment
· Deposit Trends
· Protecting Core Deposits
· Retail Strategies to Fund Assets
· FHLB Strategies – Caps
· Growth Strategies for 2009 – Do leverage transactions make sense at this point in cycle?
· Challenges Facing ALCO in 2009 & 2010
Facilitator: Jim Clarke, Ph.D., Clarke Consulting Villanova, Pennsylvania
Dr. Clarke lectures on asset/liability management at the National School of Banking sponsored by ABA, and the Graduate School of Banking at Madison. He conducts ALM seminars for many state associations, and for Risk Management Association (RMA) and Financial Managers Society (FMS). Jim also conducts board education programs on ALM for a number of state associations. In 2008 & 2009 Jim spoke at the RMA convention, FMS Forum, the Connecticut Bankers Convention, the Massachusetts Bankers Convention and ABA’s Seminar for Presidents. Dr. Clarke is on the Board of two community banks, and is a Director of an investment company.
Driving Directions & Parking
Parking is validated in the Walker Center
Coming from I-15 South take the 600 South Exit and coming from I-15 North take the 4th South Exit and proceed east to State Street. Turn left on State and left again on 200 South heading west. At the crosswalk between State Street and Main Street, turn right onto Regent Street and immediately left into the Walker Center Parking Garage. Unreserved parking is available above level 5. Take the parking garage elevators to the 7th floor for access to the 6th floor of the Walker Center. Once you are in the Walker Center Building, take the elevators to the 14th floor to Suite 1420. You may also take TRAX and get off on the Gallivan Center Station. The Walker Center is on the North East corner of 200 South and Main Street.
|
