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February Dinner Meeting

Wednesday, February 21, 2024

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5:30 PM ET

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8:30 PM ET

Program Description(s)

The Fed is signaling a pivot. At least for now. The recent bond market rally and expected 2024 Fed cuts mean that the peak in deposit competition for this cycle is likely behind us. Now the question is, what lies ahead on the other side? The yield curve remains inverted and margin pressure is not going away in the short run. In fact, deposit rates lag on the way down just as they do on the way up. What will be your plan?

Join DCG Senior Consultant Jeff Croteau as he explores the 2024 deposit strategy outlook. This session will assess near-term strategies as big waves of CD maturities cycle through, and as non-maturity deposit attrition persists. He will then discuss a Fed Easing strategy playbook and the importance of a proactive game plan. Basis points are most certainly up for grabs on funding costs.

What Lies Beyond the Federal Reserve’s Monetary Policy Tightening Cycle?
Brian Jones | Financial Economist | Federal Home Loan Bank of New York
Surging consumer prices prompted the Federal Open Market Committee to embark on the most aggressive tightening of monetary policy in over four decades. While inflation promises to remain above the 2% target desired by central bankers for some time, policymakers have signaled that they expect to lower the federal funds rate over the course of this year. Real economic activity continues to expand at an above-trend pace, with labor markets running well through full employment, suggesting that policymakers may ultimately engineer an ever-elusive soft landing? What lies ahead for the national and local economies over the balance of 2024 and beyond? What are the implications for interest rates and financial markets? Will housing markets remain challenged? What about commercial real estate? Will activity in the FHLBNY district continue to lag the remainder of the Nation or catch up over the course of 2024? Join FHLBNY financial economist Brian Jones for a discussion of these questions and other timely topics that will help you prepare for the year ahead.

Liquidity and Balance Sheet Management
Kamal Hosein | Managing Director | Stifel
All banks are looking for opportunities to grow income while managing increased liquidity, capital, and interest rate risks. How can you make money given a flat yield curve and increasing funding costs? This session offers keys to profitability through strategic liquidity and balance sheet management. Participants will be able to assess the impact of liquidity and balance sheet management changes on their institutions.


Navigating the Future: Unleashing the Power of Fintech and Cutting-Edge Technologies in Banking
Salvatore Zerilli & Miroslava Juscakova | Managing Director & Manager | Mercadien
In this session, we will guide you through the intricacies of Banking as a Service (BaaS), Fintech innovations, robust Vendor Management programs, and the transformative influence of artificial intelligence and Big Data analytics. Explore how BaaS is reshaping traditional banking models. Our session will also shed light on the critical importance of Vendor Management programs, offering practical strategies to optimize relationships with key partners and vendors in an ever-evolving financial ecosystem. Discover the potential of artificial intelligence in decision-making processes and understand how Big Data analytics can uncover actionable intelligence, paving the way for data-driven financial management.

Recent Accounting Developments and Updates
Wes Kelly | Partner | Crowe LLP
Focus on the latest accounting and financial reporting developments of interest to financial institutions with Crowe LLP, covering recent developments from key agencies:
 Financial Accounting Standards Board (FASB), U.S. Securities and Exchange Commission (SEC), Public Company Accounting Oversight Board (PCAOB), American Institute of Certified Public Accountants (AICPA) and Federal financial institution regulators.

Liquidity and CRE Stress Testing
Scott Martorana | Executive Managing Director | FinPro
The failures in March of 2023 introduced a digital run at record speed demonstrating that the industry could not count on antiquated liquidity analytics and should modernize their liquidity risk framework. FinPro will discuss our recent meetings with regulatory agencies in which we discussed time series liquidity analytics and ways to utilize the FinPro Liquidity Solution to improve liquidity risk management. Many CRE loans maturing or repricing were underwritten at low rates. Regardless of the collateral value challenges, refinancing a loan at today’s rates could very likely result in lower DSCRs. Data collection, stress testing and results analysis for analyzing the CRE portfolio will be presented.

Agenda

    Cocktail Reception | 5:30 PM - 6:30 PM ET
    Program & Dinner Reception | 6:30 PM - 8:30 PM ET

Presenter(s)

Jeff Croteau

Senior Consultant, Darling Consulting Group

Jeff is a Senior Consultant at Darling Consulting Group, where he assists financial institution executives in strengthening their asset liability management (ALM) process. In this role, he provides custom solutions for managing interest rate risk, liquidity risk, and capital. Jeff is a frequent speaker and is knowledgeable in the areas of deposit strategies, liquidity management, and ALM.

Jeff began his career at DCG in 2013 as a financial analyst. He holds a B.S. in accounting from Bentley University.

Location

Il Villaggio

651 Route 17 North

Carlstadt

NJ

7072

Event Sponsors

Credit Hours

Earn up to 1 Hour of CPE Credit

  • Level:

Basic

  • Prerequisites:

None

  • Advance Preparation:

None

  • Field of Study:

Finance - Technical

  • Instructional Method:

Group Live

  • Length:

60 Minutes

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For more information regarding administrative policies such as concerns or refunds, call 312-578-1300. FMS is registered with the National Association of State Boards of Accountancy 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. Complaints regarding sponsors may be addressed to: The National Registry of CPE Sponsors, 150 Fourth Avenue, North, Suite 700, Nashville, TN 37219-2417 Web: www.nasba.org.

Refunds and Cancellations

A refund will be provided for cancellations received by FMS in writing prior to one (1) week before the program start date. No refunds will be given for cancellations received after that date. A substitution from your institution is welcome at any time. FMS reserves the right to change instructors or reschedule/cancel sessions when necessary. FMS is not responsible for airfare penalties incurred due to the cancellation of the program. For more information regarding refunds, concerns and/or program cancellation policies, please contact our office at (312) 578-1300.

Cost

  • Member Price:

$90.00

  • Non-Member Price:

$100.00

Send us a message to let us know you're coming, but paying later

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