Balance Sheet Strategies

Tuesday, January 25, 2022

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4:00 PM ET

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5:00 PM ET

Program Description

PNC is pleased to present to the FMS Boston Chapter on the topics of interest rate derivatives and fixed income securities. This will be a two-part presentation from Jeff Mazur, a Managing Director, from PNC’s derivatives desk and Matt Mara, a Managing Director, from PNC’s fixed income sales unit.

Derivatives Presentation Session
All anyone wants to talk about these days on the derivative side is LIBOR transition. In mid-January, that will be even more of the case as banks will be using their new index and starting to think about transitioning all of their existing LIBOR contracts to a replacement index. Jeff will provide timely information on this topic as well as addressing the need for banks to generate fee income from commercial swaps to replace the likely reduction in overdraft fees taking place in the industry. He will also review the strategy of using receive-fixed swaps to manage asset sensitivity in a low but rising rate environment.

Fixed Income Securities Session
Now comes tapering and tightening in 2022. Matt will discuss the ramifications for the investment portfolio and alternatives to generate. He will review the current expected tightening cycle to prior tightening cycles; strategic positioning of the investment portfolio; relative value; and perspectives on the burgeoning sub debt market for issuers and investors.

Agenda

    4:00 PM ET
    Webinar Begins

    5:00 PM ET
    Webinar Ends

Presenter(s)

Jeff Mazur

Managing Director, PNC

Jeff Mazur has 15 years of experience in marketing derivatives to PNC. Jeff has been an invaluable resource to banks setting up their programs and providing on-going support including strategy, regulatory guidance, and trade execution. When PNC Financial Institutions Group entered New England in 2006, there were only a handful of large community banks doing swaps. PNC now has a leading market share of New England banks using derivatives.

Matt Mara

Managing Director, PNC

Matt Mara has extensive experience in fixed securities and balance sheet strategies. This past year Matt has worked with many banks to restructure their portfolios to improve portfolio yields and reduce prepayment exposure. PNC is a major market maker in CMBS, MBS, CMOs, munis, CRA, community bank sub debt and mortgage whole loans.

Location

Virtual

Registration to the live session includes:

  • One online connection

  • CPE credit for registrant

  • Permission to reproduce the handouts and other written material for additional attendees at your location

Only registered attendees of the live session can obtain CPE credit

Credit Hours

Earn up to 1 hour of CPE credit.

Basic

None

60 Minutes

Finance - Technical

None

Group Internet Based

  • Level:

  • Prerequisites:

  • Advance Preparation:

  • Field of Study:

  • Instructional Method:

  • Length:

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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.

Cost

  • Non-Member Price:

  • Member Price:

$25

$30