Thursday, May 2
9 a.m. – Registration
9:30 a.m. – Business Session
Courtyard Marriott Downtown @ USC
April 30 @ noon
CPE Credits Available
For more information, contact Anne Gillespie, email@example.com.
9:00 a.m. – REGISTRATION
Coffee and Pastries
9:30 a.m. – BUSINESS SESSION
Robert W. Haile, Jr., SCBA Asset Liability Management Committee and Chief Investment Officer, Treasurer, CresCom Bank, Charleston, SC
9:35 a.m. – Balance Sheet Strategies in the Current Environment
Kamal Hosein, Managing Director, Head of Fixed Income Strategy, Stifel, Birmingham, AL
In this presentation, Mr. Hosein will walk through current focus items and transactions banks are considering given the interest rate environment. These should provide thoughts to improve margin and profitability as well as prepare for regulatory examinations.
10:30 a.m. – NETWORKING BREAK
10:45 a.m. – ALM Best Practices and Regulatory Hot Buttons
Joe Thompson, Managing Director-Balance Sheet Strategies, Performance Trust Capital Markets, Atlanta, GA
Effective ALM should be both useful to management in decision-making and consistent with regulatory expectations. This session will be a practical discussion of best practices to drive better conversations in ALCO and Board Meetings as well as to be ready for your next exam.
11:45 a.m. – Luncheon
12:30 p.m. – The Economic Outlook: Looking Ahead to 2020
Bruce Yandle, Dean Emeritus, College of Business, Clemson University, Clemson, SC
We live in a time of high uncertainty when basic rules of the economic game are changing. Yet the economy has been operating at a high level of performance. It is levitating. But it is also hesitating. Will 2020 outperform 2019? Is there a recession in the cards? What about South Carolina and the state’s major regions? This presentation will address these issues and more.
1:30 p.m. – Investment Portfolio Management – Navigating an Inverted Yield Curve
Justin H. Hoogendoorn, CFA, Head of Fixed Income Strategy & Analytics, Piper Jaffray & Co., Chicago, IL
In this presentation, Justin Hoogendoorn walks through the yield curve discussing what history tells us about future curve performance. In the process, he will relay what the increasingly inverted curve means for the broader economy and how banks can optimize investments by manufacturing curve steepness.
2:30 p.m. – Preparing for the End of the Most Important Number in Finance: What you Need to Know about the Transition From LIBOR to Alternative Reference Rates
Haig Kazazian, Treasurer and Reggie O’Shields, General Counsel, Federal Home Loan Bank of Atlanta, GA
LIBOR is used to set interest rates for trillions of dollars of financial instruments, such as commercial loans, mortgages, securities and derivatives. It has been called the most important number in finance. Due to recent changes in the market and scandals associated with setting LIBOR, regulators have announced it will likely cease at the end of 2021. Now is the time for all banks to prepare for this transition and the adoption of alternative reference rates. The Federal Home Loan Banks are leaders in this transition and two members of their leadership team will discuss a practical guide to navigating this change.
3:25 p.m. – Closing Remarks
3:30 p.m. – ADJOURNMENT
Who Should Attend
The SCBA’s Asset Liability Committee has designed this conference for the asset liability manager, chief financial officer, chief executive officer, as well as outside directors. We are very excited to have such an outstanding slate of speakers on the program.
Be sure to bring your outside directors to this must-attend conference. It is especially beneficial for the chairman of your audit committee and ALCO committee from your board of directors. We are offering a substantial discount on the registration fee for outside directors.
Robert W. Haile, Jr.
Chairman, SCBA Asset Liability Management Committee
Chief Investment Officer, Treasurer, CresCom Bank, Charleston, SC