The Firehose of Excess Liquidity: Thoughts on What to do With All That Money
Depository institutions are flush with historical levels of excess liquidity, returns on the securities portfolio have collapsed, loan demand has declined and the credit for some borrowers’ outlook is foggy. As a result, the investment portfolio is receiving more attention than ever as an important asset-liability management tool and source of earnings. This webinar will detail specific strategies an investment officer can evaluate to maximize return while managing interest rate risk. The discussion will cover relevant topics of the day and may include MBS prepayment analytics and management, CMBS as a tool to manage convexity, and yield opportunities credit assets such as municipals, corporate and community bank subordinated debt. The presentation will conclude with an analysis of one or more common interest rate swap strategies and the considerations that a bank should take into account when evaluating.
Who Should Attend: CEO, President, COO, Chief Financial Officer, Chief Investment Officer, Treasurer, Controller
- Learn about specific strategies to aid in constructing a portfolio to meet the needs of the bank and provide optionality for the future changes.
- Explore models and analytics that the presenters utilize
- Review investment evaluation concepts
John W. Thompson
The PNC Financial Institutions Group
PNC Capital Markets Group
Mr. Thompson is a managing director in PNC Capital Markets. He has responsibility for strategy, business development PNC’s Financial Institutions Group, encompassing clients in the Banks, Insurance Companies and Asset Managers & Broker Dealers verticals. In this role, he is focused working with FIG Relationship Managers to broaden and deepen client relationships by delivering solutions that draw on PNC’s full suite of products and capabilities. In this capacity he is also responsible for developing new or enhancing existing product capabilities to meet the ever-changing needs of financial institutions. Mr. Thompson joined PNC Bank (formerly National City Bank) in 1990. Over his career, he has held many leadership positions in the retail, corporate banking and debt capital markets group, primarily focused on dealing with private or public companies seeking capital for working capital, growth and or acquisition financing.
PNC Capital Markets LLC
Matthew Mara is a managing director in PNC Capital Markets and is responsible for balance strategies & fixed income sales with a specialization in working with domestic depository financial institutions. Matt works closely with depositories to fulfill their strategic priorities by helping them target and execute balance sheet strategies. Matt has spent his entire 30+ year career working in the capital markets, having served in senior positions at a number of prominent investment banks with experience in fixed income sales & trading, balance sheet strategies, and capital markets. Immediately prior to joining PNC, Matt spent 3 years as a Managing Director in the Financial Institutions Group at Brean Capital, acting in a similar role to his current one at PNC. Earlier in his career, Matt served in various senior capital markets roles at Sterne Agee (2+ years), Keefe, Bruyette & Woods (5+ years), Sandler O’Neill & Partners (7+ years), and ABN AMRO (11+ years).
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Participants will earn 1.0 CPE credit
Field of Study: Specialized Knowledge
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
Refunds and Cancellations: Webinar registrations are non-refundable. If the registrant is unable to attend the designated time and date of the webinar, a playback link and any written materials will be provided within 2 business days following the conclusion of the webinar
Western Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:www.nasbaregistry.org.