BTN with Ethan Heisler

Ethan Heisler talks to privacy experts about the value of personal information and what banks need to do to protect their employee and customer data given escalating risks in the cyber-security space. Leading 25-year expert in cybersecurity, Jonathan Nguyen, and Tom Daly, founder and chief of MePrism explain why companies need to think beyond just preventing data breaches and make a real plan for what happens after they’ve already occurred.

Subscribe to The Bank Treasury Newsletter and Podcast at thebanktreasurynewsletter.com for professional Insights and commentary on bank treasury issues, investment portfolio strategy, and more. Listen on Apple Podcasts, Spotify, and Amazon. Follow us on LinkedIn.

Music by Phantom Sun.

There are a lot of strange things going on in the bank treasury world, and as always, bank treasurers know to prepare for anything. You have a yield curve that is inverted for the longest time in decades, and where the marginal cost to fund a loan makes it difficult to lend profitably. You have high-interest rate volatility as reflected in the MOVE index that, like the inverted yield curve, has persisted for a very long time. None of these things are good for the bank treasury business. But, on the bright side, if you have cash to invest, an overnight risk- free rate from the Fed still cannot be beat, and if you are paid to do nothing, do nothing.

As far as bank treasurers are concerned, a couple of rate cuts at the end of the year would be ideal for trends in their NIMs and NIIs this year. It could certainly help with AOCI recapture. Profits have been under pressure from rising deposit repricing expenses that bank treasurers see as just starting to crest. This month’s newsletter covers these issues and goes through some of the other key topics on the bank treasury agenda, from the Basel 3 Endgame to the fallout from the FHFA’s FHLB100.

Subscribe to The Bank Treasury Newsletter and Podcast at thebanktreasurynewsletter.com for professional Insights and commentary on bank treasury issues, investment portfolio strategy, and more. Listen on Apple Podcasts, Spotify, and Amazon. Follow us on LinkedIn.

Music by Phantom Sun.

Sam Theodore, a veteran European bank analyst, reflects on what to expect from the unexpected both in the US and in the Eurozone. Has digitalization changed the nature of deposit funding? What new metrics do analysts need to consider, and how do artificial intelligence and machine learning fit into credit analysis? How should analysts incorporate exogenous risk into their thinking about credit safety?

Subscribe to The Bank Treasury Newsletter and Podcast at thebanktreasurynewsletter.com for professional Insights and commentary on bank treasury issues, investment portfolio strategy, and more. Listen on Apple Podcasts, Spotify, and Amazon. Follow us on LinkedIn.

Music by Phantom Sun.

In this age of heightened uncertainty, bank treasurers are reviewing and updating their ALM toolkits. Join me for a conversation with Michael Riddle and Geoffrey Sharp to find out how ERIS SOFR Swap Futures offers users the sophistication of an interest rate swap with the simplicity of a futures contract.

Subscribe to The Bank Treasury Newsletter and Podcast at thebanktreasurynewsletter.com for professional Insights and commentary on bank treasury issues, investment portfolio strategy, and more. Listen on Apple Podcasts, Spotify, and Amazon. Follow us on LinkedIn.

Music by Phantom Sun.

Moorad Choudhry, author of The Principles of Banking, on his takeaways from the failure of Silicon Valley Bank, Signature, and First Republic, and what he has learned from his study of U.K. banking that bank treasurers in the States should consider as they seek to shore up their interest rate and liquidity risk management.

Subscribe to The Bank Treasury Newsletter and Podcast at thebanktreasurynewsletter.com for professional Insights and commentary on bank treasury issues, investment portfolio strategy, and more. Listen on Apple Podcasts, Spotify, and Amazon. Follow us on LinkedIn.

Produced and engineered by Alicia Heisler. Music by Phantom Sun.